총 섹션 수: 125
| Assets and liabilities measured at fair value on a recurring basis | ||||||||||||||||||||||||||
| Fair value hierarchy | Derivative netting adjustments(f) | |||||||||||||||||||||||||
| September 30, 2024 (in millions) | Level 1 | Level 2 | Level 3 | Total fair value | ||||||||||||||||||||||
| Federal funds sold and securities purchased under resale agreements | $ | — | $ | 368,964 | $ | — | $ | — | $ | 368,964 | ||||||||||||||||
| Securities borrowed | — | 107,599 | — | — | 107,599 | |||||||||||||||||||||
| Trading assets: | ||||||||||||||||||||||||||
| Debt instruments: | ||||||||||||||||||||||||||
| Mortgage-backed securities: | ||||||||||||||||||||||||||
U.S. GSEs and government agencies(a) | — | 136,594 | 691 | — | 137,285 | |||||||||||||||||||||
| Residential – nonagency | — | 2,051 | 5 | — | 2,056 | |||||||||||||||||||||
| Commercial – nonagency | — | 1,268 | 11 | — | 1,279 | |||||||||||||||||||||
| Total mortgage-backed securities | — | 139,913 | 707 | — | 140,620 | |||||||||||||||||||||
U.S. Treasury, GSEs and government agencies(a) | 148,160 | 13,781 | — | — | 161,941 | |||||||||||||||||||||
| Obligations of U.S. states and municipalities | — | 5,645 | 7 | — | 5,652 | |||||||||||||||||||||
Certificates of deposit, bankers’ acceptances and commercial paper | — | 2,851 | — | — | 2,851 | |||||||||||||||||||||
| Non-U.S. government debt securities | 50,041 | 69,339 | 173 | — | 119,553 | |||||||||||||||||||||
| Corporate debt securities | — | 43,744 | 435 | — | 44,179 | |||||||||||||||||||||
| Loans | — | 9,203 | 819 | — | 10,022 | |||||||||||||||||||||
| Asset-backed securities | — | 2,814 | 2 | — | 2,816 | |||||||||||||||||||||
| Total debt instruments | 198,201 | 287,290 | 2,143 | — | 487,634 | |||||||||||||||||||||
| Equity securities | 223,651 | 1,436 | 101 | — | 225,188 | |||||||||||||||||||||
Physical commodities(b) | 2,171 | 1,008 | 10 | — | 3,189 | |||||||||||||||||||||
| Other | — | 18,734 | 183 | — | 18,917 | |||||||||||||||||||||
Total debt and equity instruments(c) | 424,023 | 308,468 | 2,437 | — | 734,928 | |||||||||||||||||||||
| Derivative receivables: | ||||||||||||||||||||||||||
| Interest rate | 2,073 | 298,544 | 5,635 | (282,118) | 24,134 | |||||||||||||||||||||
| Credit | — | 9,567 | 955 | (9,913) | 609 | |||||||||||||||||||||
| Foreign exchange | 326 | 195,081 | 1,066 | (179,484) | 16,989 | |||||||||||||||||||||
| Equity | — | 96,107 | 2,738 | (93,494) | 5,351 | |||||||||||||||||||||
| Commodity | — | 21,328 | 316 | (16,166) | 5,478 | |||||||||||||||||||||
| Total derivative receivables | 2,399 | 620,627 | 10,710 | (581,175) | 52,561 | |||||||||||||||||||||
Total trading assets(d) | 426,422 | 929,095 | 13,147 | (581,175) | 787,489 | |||||||||||||||||||||
| Available-for-sale securities: | ||||||||||||||||||||||||||
| Mortgage-backed securities: | ||||||||||||||||||||||||||
U.S. GSEs and government agencies(a) | — | 81,863 | — | — | 81,863 | |||||||||||||||||||||
| Residential – nonagency | — | 4,057 | — | — | 4,057 | |||||||||||||||||||||
| Commercial – nonagency | — | 3,609 | — | — | 3,609 | |||||||||||||||||||||
| Total mortgage-backed securities | — | 89,529 | — | — | 89,529 | |||||||||||||||||||||
| U.S. Treasury and government agencies | 171,878 | 304 | — | — | 172,182 | |||||||||||||||||||||
| Obligations of U.S. states and municipalities | — | 18,205 | — | — | 18,205 | |||||||||||||||||||||
| Non-U.S. government debt securities | 19,925 | 22,628 | — | — | 42,553 | |||||||||||||||||||||
| Corporate debt securities | — | 61 | — | — | 61 | |||||||||||||||||||||
| Asset-backed securities: | ||||||||||||||||||||||||||
| Collateralized loan obligations | — | 9,682 | — | — | 9,682 | |||||||||||||||||||||
Other(a) | — | 2,336 | — | — | 2,336 | |||||||||||||||||||||
| Total available-for-sale securities | 191,803 | 142,745 | — | — | 334,548 | |||||||||||||||||||||
Loans(e) | — | 39,650 | 2,487 | — | 42,137 | |||||||||||||||||||||
| Mortgage servicing rights | — | — | 8,753 | — | 8,753 | |||||||||||||||||||||
Other assets(d) | 7,178 | 5,003 | 1,186 | — | 13,367 | |||||||||||||||||||||
| Total assets measured at fair value on a recurring basis | $ | 625,403 | $ | 1,593,056 | $ | 25,573 | $ | (581,175) | $ | 1,662,857 | ||||||||||||||||
| Deposits | $ | — | $ | 49,065 | $ | 2,219 | $ | — | $ | 51,284 | ||||||||||||||||
Federal funds purchased and securities loaned or sold under repurchase agreements | — | 320,406 | — | — | 320,406 | |||||||||||||||||||||
| Short-term borrowings | — | 24,660 | 3,647 | — | 28,307 | |||||||||||||||||||||
| Trading liabilities: | ||||||||||||||||||||||||||
Debt and equity instruments(c) | 166,655 | 37,866 | 72 | — | 204,593 | |||||||||||||||||||||
| Derivative payables: | ||||||||||||||||||||||||||
| Interest rate | 2,873 | 283,166 | 2,806 | (280,237) | 8,608 | |||||||||||||||||||||
| Credit | — | 12,919 | 1,054 | (12,247) | 1,726 | |||||||||||||||||||||
| Foreign exchange | 335 | 198,635 | 1,026 | (187,348) | 12,648 | |||||||||||||||||||||
| Equity | — | 105,111 | 6,548 | (101,049) | 10,610 | |||||||||||||||||||||
| Commodity | — | 18,724 | 688 | (14,339) | 5,073 | |||||||||||||||||||||
| Total derivative payables | 3,208 | 618,555 | 12,122 | (595,220) | 38,665 | |||||||||||||||||||||
| Total trading liabilities | 169,863 | 656,421 | 12,194 | (595,220) | 243,258 | |||||||||||||||||||||
| Accounts payable and other liabilities | 4,256 | 1,567 | 42 | — | 5,865 | |||||||||||||||||||||
| Beneficial interests issued by consolidated VIEs | — | 1 | — | — | 1 | |||||||||||||||||||||
| Long-term debt | — | 68,656 | 33,473 | — | 102,129 | |||||||||||||||||||||
| Total liabilities measured at fair value on a recurring basis | $ | 174,119 | $ | 1,120,776 | $ | 51,575 | $ | (595,220) | $ | 751,250 | ||||||||||||||||
| Fair value hierarchy | Derivative netting adjustments(f) | ||||||||||||||||||||||||||||
| December 31, 2023 (in millions) | Level 1 | Level 2 | Level 3 | Total fair value | |||||||||||||||||||||||||
| Federal funds sold and securities purchased under resale agreements | $ | — | $ | 259,813 | $ | — | $ | — | $ | 259,813 | |||||||||||||||||||
| Securities borrowed | — | 70,086 | — | — | 70,086 | ||||||||||||||||||||||||
| Trading assets: | |||||||||||||||||||||||||||||
| Debt instruments: | |||||||||||||||||||||||||||||
| Mortgage-backed securities: | |||||||||||||||||||||||||||||
U.S. GSEs and government agencies(a) | — | 73,840 | 758 | — | 74,598 | ||||||||||||||||||||||||
| Residential – nonagency | — | 1,921 | 5 | — | 1,926 | ||||||||||||||||||||||||
| Commercial – nonagency | — | 1,362 | 12 | — | 1,374 | ||||||||||||||||||||||||
| Total mortgage-backed securities | — | 77,123 | 775 | — | 77,898 | ||||||||||||||||||||||||
U.S. Treasury, GSEs and government agencies(a) | 133,997 | 9,998 | — | — | 143,995 | ||||||||||||||||||||||||
| Obligations of U.S. states and municipalities | — | 5,858 | 10 | — | 5,868 | ||||||||||||||||||||||||
Certificates of deposit, bankers’ acceptances and commercial paper | — | 756 | — | — | 756 | ||||||||||||||||||||||||
| Non-U.S. government debt securities | 24,846 | 55,557 | 179 | — | 80,582 | ||||||||||||||||||||||||
| Corporate debt securities | — | 32,854 | 484 | — | 33,338 | ||||||||||||||||||||||||
| Loans | — | 7,872 | 684 | — | 8,556 | ||||||||||||||||||||||||
| Asset-backed securities | — | 2,199 | 6 | — | 2,205 | ||||||||||||||||||||||||
| Total debt instruments | 158,843 | 192,217 | 2,138 | — | 353,198 | ||||||||||||||||||||||||
| Equity securities | 107,926 | 679 | 127 | — | 108,732 | ||||||||||||||||||||||||
Physical commodities(b) | 2,479 | 3,305 | 7 | — | 5,791 | ||||||||||||||||||||||||
| Other | — | 17,879 | 101 | — | 17,980 | ||||||||||||||||||||||||
Total debt and equity instruments(c) | 269,248 | 214,080 | 2,373 | — | 485,701 | ||||||||||||||||||||||||
| Derivative receivables: | |||||||||||||||||||||||||||||
| Interest rate | 2,815 | 243,578 | 4,298 | (224,367) | 26,324 | ||||||||||||||||||||||||
| Credit | — | 8,644 | 1,010 | (9,103) | 551 | ||||||||||||||||||||||||
| Foreign exchange | 149 | 204,737 | 889 | (187,756) | 18,019 | ||||||||||||||||||||||||
| Equity | — | 55,167 | 2,522 | (52,761) | 4,928 | ||||||||||||||||||||||||
| Commodity | — | 15,234 | 205 | (10,397) | 5,042 | ||||||||||||||||||||||||
| Total derivative receivables | 2,964 | 527,360 | 8,924 | (484,384) | 54,864 | ||||||||||||||||||||||||
Total trading assets(d) | 272,212 | 741,440 | 11,297 | (484,384) | 540,565 | ||||||||||||||||||||||||
| Available-for-sale securities: | |||||||||||||||||||||||||||||
| Mortgage-backed securities: | |||||||||||||||||||||||||||||
U.S. GSEs and government agencies(a) | — | 85,170 | — | — | 85,170 | ||||||||||||||||||||||||
| Residential – nonagency | — | 3,639 | — | — | 3,639 | ||||||||||||||||||||||||
| Commercial – nonagency | — | 2,803 | — | — | 2,803 | ||||||||||||||||||||||||
| Total mortgage-backed securities | — | 91,612 | — | — | 91,612 | ||||||||||||||||||||||||
| U.S. Treasury and government agencies | 57,683 | 122 | — | — | 57,805 | ||||||||||||||||||||||||
| Obligations of U.S. states and municipalities | — | 21,367 | — | — | 21,367 | ||||||||||||||||||||||||
| Non-U.S. government debt securities | 13,095 | 8,187 | — | — | 21,282 | ||||||||||||||||||||||||
| Corporate debt securities | — | 100 | — | — | 100 | ||||||||||||||||||||||||
| Asset-backed securities: | |||||||||||||||||||||||||||||
| Collateralized loan obligations | — | 6,752 | — | — | 6,752 | ||||||||||||||||||||||||
Other(a) | — | 2,786 | — | — | 2,786 | ||||||||||||||||||||||||
| Total available-for-sale securities | 70,778 | 130,926 | — | — | 201,704 | ||||||||||||||||||||||||
Loans(e) | — | 35,772 | 3,079 | — | 38,851 | ||||||||||||||||||||||||
| Mortgage servicing rights | — | — | 8,522 | — | 8,522 | ||||||||||||||||||||||||
Other assets(d) | 6,635 | 3,929 | 758 | — | 11,322 | ||||||||||||||||||||||||
| Total assets measured at fair value on a recurring basis | $ | 349,625 | $ | 1,241,966 | $ | 23,656 | $ | (484,384) | $ | 1,130,863 | |||||||||||||||||||
| Deposits | $ | — | $ | 76,551 | $ | 1,833 | $ | — | $ | 78,384 | |||||||||||||||||||
Federal funds purchased and securities loaned or sold under repurchase agreements | — | 169,003 | — | — | 169,003 | ||||||||||||||||||||||||
| Short-term borrowings | — | 18,284 | 1,758 | — | 20,042 | ||||||||||||||||||||||||
| Trading liabilities: | |||||||||||||||||||||||||||||
Debt and equity instruments(c) | 107,292 | 32,252 | 37 | — | 139,581 | ||||||||||||||||||||||||
| Derivative payables: | |||||||||||||||||||||||||||||
| Interest rate | 4,409 | 232,277 | 3,796 | (228,586) | 11,896 | ||||||||||||||||||||||||
| Credit | — | 11,293 | 745 | (10,949) | 1,089 | ||||||||||||||||||||||||
| Foreign exchange | 147 | 211,289 | 827 | (199,643) | 12,620 | ||||||||||||||||||||||||
| Equity | — | 60,887 | 4,924 | (56,443) | 9,368 | ||||||||||||||||||||||||
| Commodity | — | 15,894 | 484 | (10,504) | 5,874 | ||||||||||||||||||||||||
| Total derivative payables | 4,556 | 531,640 | 10,776 | (506,125) | 40,847 | ||||||||||||||||||||||||
| Total trading liabilities | 111,848 | 563,892 | 10,813 | (506,125) | 180,428 | ||||||||||||||||||||||||
| Accounts payable and other liabilities | 3,968 | 1,617 | 52 | — | 5,637 | ||||||||||||||||||||||||
| Beneficial interests issued by consolidated VIEs | — | 1 | — | — | 1 | ||||||||||||||||||||||||
| Long-term debt | — | 60,198 | 27,726 | — | 87,924 | ||||||||||||||||||||||||
| Total liabilities measured at fair value on a recurring basis | $ | 115,816 | $ | 889,546 | $ | 42,182 | $ | (506,125) | $ | 541,419 | |||||||||||||||||||
Level 3 inputs(a) | |||||||||||||||||||||||||||||
| September 30, 2024 | |||||||||||||||||||||||||||||
| Product/Instrument | Fair value (in millions) | Principal valuation technique | Unobservable inputs(g) | Range of input values | Average(i) | ||||||||||||||||||||||||
Residential mortgage-backed securities and loans(b) | $ | 1,078 | Discounted cash flows | Yield | 0% | 89% | 7% | ||||||||||||||||||||||
| Prepayment speed | 3% | 14% | 8% | ||||||||||||||||||||||||||
| Conditional default rate | 0% | 6% | 0% | ||||||||||||||||||||||||||
| Loss severity | 0% | 110% | 5% | ||||||||||||||||||||||||||
Commercial mortgage-backed securities and loans(c) | 1,495 | Market comparables | Price | $0 | $90 | $82 | |||||||||||||||||||||||
| Corporate debt securities | 435 | Market comparables | Price | $0 | $175 | $85 | |||||||||||||||||||||||
Loans(d) | 1,440 | Market comparables | Price | $0 | $115 | $80 | |||||||||||||||||||||||
| Non-U.S. government debt securities | 173 | Market comparables | Price | $0 | $104 | $96 | |||||||||||||||||||||||
| Net interest rate derivatives | 2,821 | Option pricing | Interest rate volatility | 7bps | 555bps | 111bps | |||||||||||||||||||||||
| Interest rate spread volatility | 37bps | 77bps | 65bps | ||||||||||||||||||||||||||
| Bermudan switch value | 0% | 52% | 17% | ||||||||||||||||||||||||||
| Interest rate correlation | (85)% | 97% | 63% | ||||||||||||||||||||||||||
| IR-FX correlation | (35)% | 60% | 5% | ||||||||||||||||||||||||||
| 8 | Discounted cash flows | Prepayment speed | 0% | 21% | 7% | ||||||||||||||||||||||||
| Net credit derivatives | (130) | Discounted cash flows | Credit correlation | 30% | 69% | 48% | |||||||||||||||||||||||
| Credit spread | 0bps | 2,999bps | 341bps | ||||||||||||||||||||||||||
| Recovery rate | 10% | 90% | 57% | ||||||||||||||||||||||||||
| 31 | Market comparables | Price | $0 | $115 | $73 | ||||||||||||||||||||||||
| Net foreign exchange derivatives | 89 | Option pricing | IR-FX correlation | (40)% | 60% | 21% | |||||||||||||||||||||||
| (49) | Discounted cash flows | Prepayment speed | 11% | 11% | |||||||||||||||||||||||||
| Interest rate curve | 2% | 49% | 8% | ||||||||||||||||||||||||||
| Net equity derivatives | (3,810) | Option pricing | Forward equity price(h) | 80% | 144% | 101% | |||||||||||||||||||||||
| Equity volatility | 4% | 143% | 32% | ||||||||||||||||||||||||||
| Equity correlation | 17% | 100% | 56% | ||||||||||||||||||||||||||
| Equity-FX correlation | (80)% | 65% | (32)% | ||||||||||||||||||||||||||
| Equity-IR correlation | 10% | 18% | 14% | ||||||||||||||||||||||||||
| Net commodity derivatives | (372) | Option pricing | Oil commodity forward | $82 / BBL | $266 / BBL | $150 / BBL | |||||||||||||||||||||||
| Natural gas commodity forward | $1 / MMBTU | $7 / MMBTU | $3 / MMBTU | ||||||||||||||||||||||||||
| Commodity volatility | 2% | 47% | 5% | ||||||||||||||||||||||||||
| Commodity correlation | (35)% | 98% | (8)% | ||||||||||||||||||||||||||
| MSRs | 8,753 | Discounted cash flows | Refer to Note 14 | ||||||||||||||||||||||||||
Long-term debt, short-term borrowings, and deposits(e) | 38,445 | Option pricing | Interest rate volatility | 7bps | 555bps | 111bps | |||||||||||||||||||||||
| Bermudan switch value | 0% | 52% | 17% | ||||||||||||||||||||||||||
| Interest rate correlation | (85)% | 97% | 63% | ||||||||||||||||||||||||||
| IR-FX correlation | (35)% | 60% | 5% | ||||||||||||||||||||||||||
Equity volatility | 2% | 140% | 28% | ||||||||||||||||||||||||||
| Equity correlation | 17% | 100% | 56% | ||||||||||||||||||||||||||
| Equity-FX correlation | (80)% | 65% | (32)% | ||||||||||||||||||||||||||
| Equity-IR correlation | 10% | 18% | 14% | ||||||||||||||||||||||||||
| 894 | Discounted cash flows | Credit correlation | 30% | 69% | 48% | ||||||||||||||||||||||||
Credit spread | 1bps | 270bps | 81bps | ||||||||||||||||||||||||||
Recovery rate | 20% | 40% | 37% | ||||||||||||||||||||||||||
| Yield | 5% | 20% | 10% | ||||||||||||||||||||||||||
Loss severity | 0% | 100% | 50% | ||||||||||||||||||||||||||
Other level 3 assets and liabilities, net(f) | 1,375 | ||||||||||||||||||||||||||||
| Fair value measurements using significant unobservable inputs | |||||||||||||||||||||||||||||||||||||||||||||||
| Three months ended September 30, 2024 (in millions) | Fair value at July 1, 2024 | Total realized/unrealized gains/(losses) | Transfers into level 3 | Transfers (out of) level 3 | Fair value at September 30, 2024 | Change in unrealized gains/(losses) related to financial instruments held at September 30, 2024 | |||||||||||||||||||||||||||||||||||||||||
Purchases(g) | Sales | Settlements(h) | |||||||||||||||||||||||||||||||||||||||||||||
Assets:(a) | |||||||||||||||||||||||||||||||||||||||||||||||
| Federal funds sold and securities purchased under resale agreements | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||||||
| Trading assets: | |||||||||||||||||||||||||||||||||||||||||||||||
| Debt instruments: | |||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||
U.S. GSEs and government agencies | 708 | 3 | — | — | (20) | — | — | 691 | 3 | ||||||||||||||||||||||||||||||||||||||
| Residential – nonagency | 5 | 1 | — | — | (1) | — | — | 5 | — | ||||||||||||||||||||||||||||||||||||||
Commercial – nonagency | 11 | — | — | — | — | — | — | 11 | — | ||||||||||||||||||||||||||||||||||||||
Total mortgage-backed securities | 724 | 4 | — | — | (21) | — | — | 707 | 3 | ||||||||||||||||||||||||||||||||||||||
Obligations of U.S. states and municipalities | 7 | — | — | — | — | — | — | 7 | — | ||||||||||||||||||||||||||||||||||||||
Non-U.S. government debt securities | 193 | (4) | 53 | (65) | — | 7 | (11) | 173 | (2) | ||||||||||||||||||||||||||||||||||||||
| Corporate debt securities | 408 | 21 | 86 | (62) | — | 5 | (23) | 435 | 20 | ||||||||||||||||||||||||||||||||||||||
| Loans | 691 | 12 | 125 | (108) | (22) | 321 | (200) | 819 | 12 | ||||||||||||||||||||||||||||||||||||||
| Asset-backed securities | 2 | — | — | — | — | — | — | 2 | — | ||||||||||||||||||||||||||||||||||||||
| Total debt instruments | 2,025 | 33 | 264 | (235) | (43) | 333 | (234) | 2,143 | 33 | ||||||||||||||||||||||||||||||||||||||
| Equity securities | 122 | (4) | 16 | (18) | (1) | 31 | (45) | 101 | — | ||||||||||||||||||||||||||||||||||||||
| Physical commodities | 10 | — | — | — | — | — | — | 10 | — | ||||||||||||||||||||||||||||||||||||||
| Other | 144 | 20 | 4 | — | (9) | 24 | — | 183 | 23 | ||||||||||||||||||||||||||||||||||||||
Total trading assets – debt and equity instruments | 2,301 | 49 | (c) | 284 | (253) | (53) | 388 | (279) | 2,437 | 56 | (c) | ||||||||||||||||||||||||||||||||||||
Net derivative receivables:(b) | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate | 1,301 | 1,528 | 90 | (38) | 98 | (106) | (44) | 2,829 | 1,373 | ||||||||||||||||||||||||||||||||||||||
| Credit | 180 | (209) | — | — | (114) | 25 | 19 | (99) | (198) | ||||||||||||||||||||||||||||||||||||||
| Foreign exchange | 168 | (31) | 59 | (105) | 71 | 3 | (125) | 40 | (5) | ||||||||||||||||||||||||||||||||||||||
| Equity | (2,991) | (21) | 112 | (821) | 24 | (285) | 172 | (3,810) | (215) | ||||||||||||||||||||||||||||||||||||||
| Commodity | (472) | (74) | 4 | (35) | 201 | 7 | (3) | (372) | (107) | ||||||||||||||||||||||||||||||||||||||
Total net derivative receivables | (1,814) | 1,193 | (c) | 265 | (999) | 280 | (356) | 19 | (1,412) | 848 | (c) | ||||||||||||||||||||||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||||||||||||||||||||||||||||
| Corporate debt securities | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total available-for-sale securities | — | — | (d) | — | — | — | — | — | — | — | (d) | ||||||||||||||||||||||||||||||||||||
| Loans | 2,993 | 157 | (c) | 95 | (479) | (210) | 61 | (130) | 2,487 | 114 | (c) | ||||||||||||||||||||||||||||||||||||
| Mortgage servicing rights | 8,847 | (181) | (e) | 357 | 2 | (272) | — | — | 8,753 | (181) | (e) | ||||||||||||||||||||||||||||||||||||
| Other assets | 1,202 | 34 | (c) | 24 | (32) | (20) | — | (22) | 1,186 | 34 | (c) | ||||||||||||||||||||||||||||||||||||
| Fair value measurements using significant unobservable inputs | |||||||||||||||||||||||||||||||||||||||||||||||
| Three months ended September 30, 2024 (in millions) | Fair value at July 1, 2024 | Total realized/unrealized (gains)/losses | Transfers into level 3 | Transfers (out of) level 3 | Fair value at September 30, 2024 | Change in unrealized (gains)/losses related to financial instruments held at September 30, 2024 | |||||||||||||||||||||||||||||||||||||||||
| Purchases | Sales | Issuances | Settlements(h) | ||||||||||||||||||||||||||||||||||||||||||||
Liabilities:(a) | |||||||||||||||||||||||||||||||||||||||||||||||
| Deposits | $ | 1,923 | $ | 105 | (c)(f) | $ | — | $ | — | $ | 512 | $ | (299) | $ | — | $ | (22) | $ | 2,219 | $ | 104 | (c)(f) | |||||||||||||||||||||||||
| Short-term borrowings | 2,726 | 74 | (c)(f) | — | — | 2,283 | (1,435) | 1 | (2) | 3,647 | 56 | (c)(f) | |||||||||||||||||||||||||||||||||||
Trading liabilities – debt and equity instruments | 68 | (1) | (c) | (20) | 5 | — | — | 25 | (5) | 72 | (1) | (c) | |||||||||||||||||||||||||||||||||||
Accounts payable and other liabilities | 70 | 5 | (c) | (30) | — | — | — | — | (3) | 42 | 5 | (c) | |||||||||||||||||||||||||||||||||||
| Long-term debt | 31,286 | 1,632 | (c)(f) | — | — | 6,073 | (5,258) | 23 | (283) | 33,473 | 1,783 | (c)(f) | |||||||||||||||||||||||||||||||||||
| Fair value measurements using significant unobservable inputs | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three months ended September 30, 2023 (in millions) | Fair value at July 1, 2023 | Total realized/unrealized gains/(losses) | Transfers into level 3 | Transfers (out of) level 3 | Fair value at September 30, 2023 | Change in unrealized gains/(losses) related to financial instruments held at September 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||
Purchases(g) | Sales | Settlements(h) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Assets:(a) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||||||||||||
| Trading assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt instruments: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. GSEs and government agencies | 706 | (4) | 118 | (20) | (21) | — | — | 779 | (4) | ||||||||||||||||||||||||||||||||||||||||||||
| Residential – nonagency | 5 | — | — | — | — | — | — | 5 | — | ||||||||||||||||||||||||||||||||||||||||||||
| Commercial – nonagency | 6 | 6 | 1 | — | — | — | — | 13 | 7 | ||||||||||||||||||||||||||||||||||||||||||||
Total mortgage-backed securities | 717 | 2 | 119 | (20) | (21) | — | — | 797 | 3 | ||||||||||||||||||||||||||||||||||||||||||||
Obligations of U.S. states and municipalities | 6 | — | — | — | — | 3 | — | 9 | — | ||||||||||||||||||||||||||||||||||||||||||||
Non-U.S. government debt securities | 199 | 9 | 16 | (53) | — | — | (20) | 151 | 18 | ||||||||||||||||||||||||||||||||||||||||||||
| Corporate debt securities | 522 | 15 | 191 | (56) | (1) | 8 | (27) | 652 | 4 | ||||||||||||||||||||||||||||||||||||||||||||
| Loans | 1,105 | (56) | 161 | (172) | (12) | 108 | (86) | 1,048 | (56) | ||||||||||||||||||||||||||||||||||||||||||||
| Asset-backed securities | 14 | 1 | — | (8) | — | — | (1) | 6 | 1 | ||||||||||||||||||||||||||||||||||||||||||||
| Total debt instruments | 2,563 | (29) | 487 | (309) | (34) | 119 | (134) | 2,663 | (30) | ||||||||||||||||||||||||||||||||||||||||||||
| Equity securities | 631 | 2 | 26 | (100) | (442) | 41 | (7) | 151 | 7 | ||||||||||||||||||||||||||||||||||||||||||||
| Physical commodities | 6 | (2) | 1 | — | — | — | — | 5 | (2) | ||||||||||||||||||||||||||||||||||||||||||||
| Other | 113 | (3) | 9 | — | (15) | — | (1) | 103 | (2) | ||||||||||||||||||||||||||||||||||||||||||||
Total trading assets – debt and equity instruments | 3,313 | (32) | (c) | 523 | (409) | (491) | 160 | (142) | 2,922 | (27) | (c) | ||||||||||||||||||||||||||||||||||||||||||
Net derivative receivables:(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate | (1,122) | (162) | 79 | (127) | 349 | (56) | (72) | (1,111) | (267) | ||||||||||||||||||||||||||||||||||||||||||||
| Credit | 689 | 11 | 2 | — | (150) | (4) | 3 | 551 | 11 | ||||||||||||||||||||||||||||||||||||||||||||
| Foreign exchange | 389 | 88 | 55 | (18) | (5) | 7 | (3) | 513 | 51 | ||||||||||||||||||||||||||||||||||||||||||||
| Equity | (1,881) | 1,013 | 145 | (222) | (385) | 70 | (39) | (1,299) | 1,060 | ||||||||||||||||||||||||||||||||||||||||||||
| Commodity | (353) | 113 | 3 | (101) | 31 | — | 184 | (123) | 104 | ||||||||||||||||||||||||||||||||||||||||||||
Total net derivative receivables | (2,278) | 1,063 | (c) | 284 | (468) | (160) | 17 | 73 | (1,469) | 959 | (c) | ||||||||||||||||||||||||||||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Corporate debt securities | 267 | (4) | — | (165) | — | — | (38) | 60 | (3) | ||||||||||||||||||||||||||||||||||||||||||||
Total available-for-sale securities | 267 | (4) | (d) | — | (165) | — | — | (38) | 60 | (3) | (d) | ||||||||||||||||||||||||||||||||||||||||||
| Loans | 3,808 | 110 | (c) | 24 | (34) | (442) | 276 | (59) | 3,683 | 25 | (c) | ||||||||||||||||||||||||||||||||||||||||||
| Mortgage servicing rights | 8,229 | 596 | (e) | 650 | (101) | (265) | — | — | 9,109 | 596 | (e) | ||||||||||||||||||||||||||||||||||||||||||
| Other assets | 417 | (1) | (c) | 498 | (11) | (14) | — | (1) | 888 | (1) | (c) | ||||||||||||||||||||||||||||||||||||||||||
| Fair value measurements using significant unobservable inputs | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three months ended September 30, 2023 (in millions) | Fair value at July 1, 2023 | Total realized/unrealized (gains)/losses | Transfers into level 3 | Transfers (out of) level 3 | Fair value at September 30, 2023 | Change in unrealized (gains)/losses related to financial instruments held at September 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||
| Purchases | Sales | Issuances | Settlements(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities:(a) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits | $ | 2,053 | $ | (34) | (c)(f) | $ | — | $ | — | $ | 341 | $ | (468) | $ | — | $ | (40) | $ | 1,852 | $ | (34) | (c)(f) | |||||||||||||||||||||||||||||||
| Short-term borrowings | 1,704 | 22 | (c)(f) | — | — | 1,371 | (1,150) | — | (2) | 1,945 | 2 | (c)(f) | |||||||||||||||||||||||||||||||||||||||||
Trading liabilities – debt and equity instruments | 63 | (5) | (c) | (2) | 2 | — | (2) | — | (15) | 41 | — | ||||||||||||||||||||||||||||||||||||||||||
Accounts payable and other liabilities | 68 | (7) | (c) | (11) | 13 | — | — | — | — | 63 | (7) | (c) | |||||||||||||||||||||||||||||||||||||||||
| Long-term debt | 25,425 | (764) | (c)(f) | — | — | 3,380 | (3,130) | 18 | (82) | 24,847 | (774) | (c)(f) | |||||||||||||||||||||||||||||||||||||||||
| Fair value measurements using significant unobservable inputs | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nine months ended September 30, 2024 (in millions) | Fair value at Jan 1, 2024 | Total realized/unrealized gains/(losses) | Transfers into level 3 | Transfers (out of) level 3 | Fair value at September 30, 2024 | Change in unrealized gains/(losses) related to financial instruments held at September 30, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||
Purchases(g) | Sales | Settlements(h) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Assets:(a) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Federal funds sold and securities purchased under resale agreements | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||||||||||||
| Trading assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt instruments: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. GSEs and government agencies | 758 | 3 | 45 | (61) | (61) | 7 | — | 691 | 3 | ||||||||||||||||||||||||||||||||||||||||||||
| Residential – nonagency | 5 | 1 | — | — | (1) | 4 | (4) | 5 | (1) | ||||||||||||||||||||||||||||||||||||||||||||
| Commercial – nonagency | 12 | (2) | 1 | — | — | — | — | 11 | (1) | ||||||||||||||||||||||||||||||||||||||||||||
Total mortgage-backed securities | 775 | 2 | 46 | (61) | (62) | 11 | (4) | 707 | 1 | ||||||||||||||||||||||||||||||||||||||||||||
Obligations of U.S. states and municipalities | 10 | — | — | — | (2) | — | (1) | 7 | — | ||||||||||||||||||||||||||||||||||||||||||||
Non-U.S. government debt securities | 179 | (2) | 145 | (137) | — | 14 | (26) | 173 | 4 | ||||||||||||||||||||||||||||||||||||||||||||
| Corporate debt securities | 484 | 28 | 386 | (229) | (181) | 13 | (66) | 435 | 27 | ||||||||||||||||||||||||||||||||||||||||||||
| Loans | 684 | 20 | 446 | (438) | (67) | 645 | (471) | 819 | 8 | ||||||||||||||||||||||||||||||||||||||||||||
| Asset-backed securities | 6 | — | 1 | (5) | (7) | 7 | — | 2 | — | ||||||||||||||||||||||||||||||||||||||||||||
| Total debt instruments | 2,138 | 48 | 1,024 | (870) | (319) | 690 | (568) | 2,143 | 40 | ||||||||||||||||||||||||||||||||||||||||||||
| Equity securities | 127 | (23) | 130 | (99) | (1) | 74 | (107) | 101 | (33) | ||||||||||||||||||||||||||||||||||||||||||||
| Physical Commodities | 7 | 2 | 4 | — | (3) | — | — | 10 | 2 | ||||||||||||||||||||||||||||||||||||||||||||
| Other | 101 | 64 | 46 | — | (52) | 25 | (1) | 183 | 71 | ||||||||||||||||||||||||||||||||||||||||||||
Total trading assets – debt and equity instruments | 2,373 | 91 | (c) | 1,204 | (969) | (375) | 789 | (676) | 2,437 | 80 | (c) | ||||||||||||||||||||||||||||||||||||||||||
Net derivative receivables:(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate | 502 | 1,246 | 282 | (122) | 981 | 81 | (141) | 2,829 | 892 | ||||||||||||||||||||||||||||||||||||||||||||
| Credit | 265 | (143) | — | (16) | (253) | (13) | 61 | (99) | (68) | ||||||||||||||||||||||||||||||||||||||||||||
| Foreign exchange | 62 | 100 | 136 | (230) | (16) | (26) | 14 | 40 | 105 | ||||||||||||||||||||||||||||||||||||||||||||
| Equity | (2,402) | (545) | 680 | (2,020) | 246 | (296) | 527 | (3,810) | 104 | ||||||||||||||||||||||||||||||||||||||||||||
| Commodity | (279) | (196) | 22 | (155) | 228 | 6 | 2 | (372) | (182) | ||||||||||||||||||||||||||||||||||||||||||||
Total net derivative receivables | (1,852) | 462 | (c) | 1,120 | (2,543) | 1,186 | (248) | 463 | (1,412) | 851 | (c) | ||||||||||||||||||||||||||||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Corporate debt securities | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Total available-for-sale securities | — | — | (d) | — | — | — | — | — | — | — | (d) | ||||||||||||||||||||||||||||||||||||||||||
| Loans | 3,079 | 266 | (c) | 304 | (684) | (855) | 730 | (353) | 2,487 | 207 | (c) | ||||||||||||||||||||||||||||||||||||||||||
| Mortgage servicing rights | 8,522 | 216 | (e) | 835 | (25) | (795) | — | — | 8,753 | 216 | (e) | ||||||||||||||||||||||||||||||||||||||||||
| Other assets | 758 | 100 | (c) | 444 | (54) | (45) | 5 | (22) | 1,186 | 94 | (c) | ||||||||||||||||||||||||||||||||||||||||||
| Fair value measurements using significant unobservable inputs | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nine months ended September 30, 2024 (in millions) | Fair value at Jan 1, 2024 | Total realized/unrealized (gains)/losses | Transfers into level 3 | Transfers (out of) level 3 | Fair value at September 30, 2024 | Change in unrealized (gains)/losses related to financial instruments held at September 30, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||
| Purchases | Sales | Issuances | Settlements(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities:(a) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits | $ | 1,833 | $ | 90 | (c)(f) | $ | — | $ | — | $ | 1,304 | $ | (909) | $ | 34 | $ | (133) | $ | 2,219 | $ | 78 | (c)(f) | |||||||||||||||||||||||||||||||
| Short-term borrowings | 1,758 | 143 | (c)(f) | — | — | 5,742 | (3,992) | 2 | (6) | 3,647 | 78 | (c)(f) | |||||||||||||||||||||||||||||||||||||||||
Trading liabilities – debt and equity instruments | 37 | (41) | (c) | (26) | 62 | — | — | 46 | (6) | 72 | (3) | (c) | |||||||||||||||||||||||||||||||||||||||||
Accounts payable and other liabilities | 52 | (7) | (c) | (36) | 31 | — | — | 5 | (3) | 42 | (7) | (c) | |||||||||||||||||||||||||||||||||||||||||
| Long-term debt | 27,726 | 2,147 | (c)(f) | — | — | 17,049 | (13,230) | 466 | (685) | 33,473 | 1,895 | (c)(f) | |||||||||||||||||||||||||||||||||||||||||
| Fair value measurements using significant unobservable inputs | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nine months ended September 30, 2023 (in millions) | Fair value at Jan 1, 2023 | Total realized/unrealized gains/(losses) | Transfers into level 3 | Transfers (out of) level 3 | Fair value at September 30, 2023 | Change in unrealized gains/(losses) related to financial instruments held at September 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||
Purchases(g) | Sales | Settlements(h) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Assets:(a) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||||||||||||
| Trading assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt instruments: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. GSEs and government agencies | 759 | 3 | 249 | (133) | (85) | — | (14) | 779 | 3 | ||||||||||||||||||||||||||||||||||||||||||||
| Residential – nonagency | 5 | 7 | — | (6) | (2) | 1 | — | 5 | — | ||||||||||||||||||||||||||||||||||||||||||||
| Commercial – nonagency | 7 | 6 | 1 | — | (1) | 8 | (8) | 13 | 5 | ||||||||||||||||||||||||||||||||||||||||||||
Total mortgage-backed securities | 771 | 16 | 250 | (139) | (88) | 9 | (22) | 797 | 8 | ||||||||||||||||||||||||||||||||||||||||||||
Obligations of U.S. states and municipalities | 7 | — | — | (1) | — | 3 | — | 9 | — | ||||||||||||||||||||||||||||||||||||||||||||
Non-U.S. government debt securities | 155 | 49 | 116 | (149) | — | — | (20) | 151 | 86 | ||||||||||||||||||||||||||||||||||||||||||||
| Corporate debt securities | 463 | 39 | 301 | (116) | (3) | 38 | (70) | 652 | 34 | ||||||||||||||||||||||||||||||||||||||||||||
| Loans | 759 | (54) | 843 | (299) | (125) | 233 | (309) | 1,048 | (28) | ||||||||||||||||||||||||||||||||||||||||||||
| Asset-backed securities | 23 | 1 | 5 | (11) | (1) | 5 | (16) | 6 | (1) | ||||||||||||||||||||||||||||||||||||||||||||
| Total debt instruments | 2,178 | 51 | 1,515 | (715) | (217) | 288 | (437) | 2,663 | 99 | ||||||||||||||||||||||||||||||||||||||||||||
| Equity securities | 665 | (45) | 134 | (207) | (442) | 181 | (135) | 151 | (28) | ||||||||||||||||||||||||||||||||||||||||||||
Physical commodities | 2 | (2) | 7 | — | (2) | — | — | 5 | 5 | ||||||||||||||||||||||||||||||||||||||||||||
| Other | 64 | (43) | 105 | — | (19) | 1 | (5) | 103 | (25) | ||||||||||||||||||||||||||||||||||||||||||||
Total trading assets – debt and equity instruments | 2,909 | (39) | (c) | 1,761 | (922) | (680) | 470 | (577) | 2,922 | 51 | (c) | ||||||||||||||||||||||||||||||||||||||||||
Net derivative receivables:(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate | 701 | (859) | 174 | (219) | 376 | (1,135) | (149) | (1,111) | (789) | ||||||||||||||||||||||||||||||||||||||||||||
| Credit | 13 | 485 | 5 | (4) | 52 | 22 | (22) | 551 | 487 | ||||||||||||||||||||||||||||||||||||||||||||
| Foreign exchange | 489 | 140 | 134 | (126) | (206) | 126 | (44) | 513 | 114 | ||||||||||||||||||||||||||||||||||||||||||||
| Equity | (384) | 1,036 | 758 | (1,584) | (1,111) | 530 | (544) | (1,299) | 936 | ||||||||||||||||||||||||||||||||||||||||||||
| Commodity | (146) | 71 | 42 | (219) | (80) | (11) | 220 | (123) | 57 | ||||||||||||||||||||||||||||||||||||||||||||
Total net derivative receivables | 673 | 873 | (c) | 1,113 | (2,152) | (969) | (468) | (539) | (1,469) | 805 | (c) | ||||||||||||||||||||||||||||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Corporate debt securities | 239 | 24 | — | (165) | — | — | (38) | 60 | 22 | ||||||||||||||||||||||||||||||||||||||||||||
Total available-for-sale securities | 239 | 24 | (d) | — | (165) | — | — | (38) | 60 | 22 | (d) | ||||||||||||||||||||||||||||||||||||||||||
| Loans | 1,418 | 133 | (c) | 2,309 | (107) | (1,027) | 1,193 | (236) | 3,683 | 29 | (c) | ||||||||||||||||||||||||||||||||||||||||||
| Mortgage servicing rights | 7,973 | 860 | (e) | 1,227 | (191) | (760) | — | — | 9,109 | 860 | (e) | ||||||||||||||||||||||||||||||||||||||||||
| Other assets | 405 | 20 | (c) | 515 | (13) | (44) | 8 | (3) | 888 | 56 | (c) | ||||||||||||||||||||||||||||||||||||||||||
| Fair value measurements using significant unobservable inputs | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nine months ended September 30, 2023 (in millions) | Fair value at Jan 1, 2023 | Total realized/unrealized (gains)/losses | Transfers into level 3 | Transfers (out of) level 3 | Fair value at September 30, 2023 | Change in unrealized (gains)/losses related to financial instruments held at September 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||
| Purchases | Sales | Issuances | Settlements(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities:(a) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits | $ | 2,162 | $ | (37) | (c)(f) | $ | — | $ | — | $ | 608 | $ | (716) | $ | — | $ | (165) | $ | 1,852 | $ | (41) | (c)(f) | |||||||||||||||||||||||||||||||
| Short-term borrowings | 1,401 | 162 | (c)(f) | — | — | 3,613 | (3,209) | 2 | (24) | 1,945 | 12 | (c)(f) | |||||||||||||||||||||||||||||||||||||||||
Trading liabilities – debt and equity instruments | 84 | (18) | (c) | (29) | 8 | — | (4) | 18 | (18) | 41 | 3 | (c) | |||||||||||||||||||||||||||||||||||||||||
Accounts payable and other liabilities | 53 | (3) | (c) | (13) | 20 | — | — | 8 | (2) | 63 | (3) | (c) | |||||||||||||||||||||||||||||||||||||||||
| Long-term debt | 24,092 | 917 | (c)(f) | — | — | 8,780 | (8,655) | 222 | (509) | 24,847 | 667 | (c)(f) | |||||||||||||||||||||||||||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||
Credit and funding adjustments: | |||||||||||||||||||||||
| Derivatives CVA | $ | (17) | $ | 90 | $ | 3 | $ | 211 | |||||||||||||||
Derivatives FVA | (5) | 56 | 32 | 111 | |||||||||||||||||||
| Fair value hierarchy | Total fair value | |||||||||||||||||||
| September 30, 2024 (in millions) | Level 1 | Level 2 | Level 3 | |||||||||||||||||
| Loans | $ | — | $ | 663 | $ | 896 | $ | 1,559 | ||||||||||||
Other assets(a) | — | 8 | 945 | 953 | ||||||||||||||||
| Total assets measured at fair value on a nonrecurring basis | $ | — | $ | 671 | $ | 1,841 | $ | 2,512 | ||||||||||||
| Accounts payable and other liabilities | — | — | — | — | ||||||||||||||||
| Total liabilities measured at fair value on a nonrecurring basis | $ | — | $ | — | $ | — | $ | — | ||||||||||||
| Fair value hierarchy | Total fair value | |||||||||||||||||||
| September 30, 2023 (in millions) | Level 1 | Level 2 | Level 3 | |||||||||||||||||
| Loans | $ | — | $ | 666 | $ | 1,014 | $ | 1,680 | ||||||||||||
| Other assets | — | 37 | 1,276 | 1,313 | ||||||||||||||||
| Total assets measured at fair value on a nonrecurring basis | $ | — | $ | 703 | $ | 2,290 | $ | 2,993 | ||||||||||||
| Accounts payable and other liabilities | — | — | — | — | ||||||||||||||||
| Total liabilities measured at fair value on a nonrecurring basis | $ | — | $ | — | $ | — | $ | — | ||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||
| Loans | $ | (32) | $ | (75) | $ | (98) | $ | (200) | |||||||||||||||
Other assets(a) | (323) | (376) | (529) | (536) | |||||||||||||||||||
| Accounts payable and other liabilities | — | — | — | — | |||||||||||||||||||
Total nonrecurring fair value gains/(losses) | $ | (355) | $ | (451) | $ | (627) | $ | (736) | |||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||
| As of or for the period ended, (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||
| Other assets | |||||||||||||||||||||||
Carrying value(a) | $ | 3,660 | $ | 4,499 | $ | 3,660 | $ | 4,499 | |||||||||||||||
Upward carrying value changes(b) | 42 | 50 | 72 | 90 | |||||||||||||||||||
Downward carrying value changes/impairment(c) | (72) | (17) | (248) | (150) | |||||||||||||||||||
| September 30, 2024 | December 31, 2023 | |||||||||||||||||||||||||||||||||||||
| Estimated fair value hierarchy | Estimated fair value hierarchy | |||||||||||||||||||||||||||||||||||||
| (in billions) | Carrying value | Level 1 | Level 2 | Level 3 | Total estimated fair value | Carrying value | Level 1 | Level 2 | Level 3 | Total estimated fair value | ||||||||||||||||||||||||||||
| Financial assets | ||||||||||||||||||||||||||||||||||||||
| Cash and due from banks | $ | 22.9 | $ | 22.9 | $ | — | $ | — | $ | 22.9 | $ | 29.1 | $ | 29.1 | $ | — | $ | — | $ | 29.1 | ||||||||||||||||||
| Deposits with banks | 411.4 | 411.3 | 0.1 | — | 411.4 | 595.1 | 594.6 | 0.5 | — | 595.1 | ||||||||||||||||||||||||||||
Accrued interest and accounts receivable | 122.3 | — | 122.2 | 0.1 | 122.3 | 107.1 | — | 107.0 | 0.1 | 107.1 | ||||||||||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | 21.9 | — | 21.9 | — | 21.9 | 16.3 | — | 16.3 | — | 16.3 | ||||||||||||||||||||||||||||
Securities borrowed | 144.8 | — | 144.8 | — | 144.8 | 130.3 | — | 130.3 | — | 130.3 | ||||||||||||||||||||||||||||
Investment securities, held-to-maturity | 300.0 | 114.2 | 165.4 | — | 279.6 | 369.8 | 160.6 | 182.2 | — | 342.8 | ||||||||||||||||||||||||||||
Loans, net of allowance for loan losses(a) | 1,273.9 | — | 284.4 | 995.2 | 1,279.6 | 1,262.5 | — | 285.6 | 964.6 | 1,250.2 | ||||||||||||||||||||||||||||
| Other | 85.2 | — | 83.8 | 1.6 | 85.4 | 76.1 | — | 74.9 | 1.4 | 76.3 | ||||||||||||||||||||||||||||
| Financial liabilities | ||||||||||||||||||||||||||||||||||||||
| Deposits | $ | 2,379.5 | $ | — | $ | 2,380.0 | $ | — | $ | 2,380.0 | $ | 2,322.3 | $ | — | $ | 2,322.6 | $ | — | $ | 2,322.6 | ||||||||||||||||||
Federal funds purchased and securities loaned or sold under repurchase agreements | 68.9 | — | 68.9 | — | 68.9 | 47.5 | — | 47.5 | — | 47.5 | ||||||||||||||||||||||||||||
Short-term borrowings | 22.3 | — | 22.4 | — | 22.4 | 24.7 | — | 24.7 | — | 24.7 | ||||||||||||||||||||||||||||
Accounts payable and other liabilities(b) | 268.3 | — | 255.0 | 12.4 | 267.4 | 241.8 | — | 233.3 | 8.1 | 241.4 | ||||||||||||||||||||||||||||
Beneficial interests issued by consolidated VIEs | 25.7 | — | 25.8 | — | 25.8 | 23.0 | — | 23.0 | — | 23.0 | ||||||||||||||||||||||||||||
Long-term debt | 308.0 | — | 259.8 | 51.9 | 311.7 | 303.9 | — | 252.2 | 51.3 | 303.5 | ||||||||||||||||||||||||||||
| September 30, 2024 | December 31, 2023 | ||||||||||||||||||||||||||||||||||
| Estimated fair value hierarchy | Estimated fair value hierarchy | ||||||||||||||||||||||||||||||||||
| (in billions) | Carrying value(a)(b)(c) | Level 1 | Level 2 | Level 3 | Total estimated fair value | Carrying value(a)(b)(c) | Level 1 | Level 2 | Level 3 | Total estimated fair value | |||||||||||||||||||||||||
Wholesale lending-related commitments | $ | 2.8 | $ | — | $ | — | $ | 4.5 | $ | 4.5 | $ | 3.0 | $ | — | $ | — | $ | 4.8 | $ | 4.8 | |||||||||||||||
| Three months ended September 30, | ||||||||||||||||||||||||||||||||||||||
| 2024 | 2023 | |||||||||||||||||||||||||||||||||||||
| (in millions) | Principal transactions | All other income | Total changes in fair value recorded (e) | Principal transactions | All other income | Total changes in fair value recorded (e) | ||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | $ | 219 | $ | — | $ | 219 | $ | 146 | $ | — | $ | 146 | ||||||||||||||||||||||||||
| Securities borrowed | 95 | — | 95 | 29 | — | 29 | ||||||||||||||||||||||||||||||||
| Trading assets: | ||||||||||||||||||||||||||||||||||||||
Debt and equity instruments, excluding loans | 1,576 | — | 1,576 | 200 | — | 200 | ||||||||||||||||||||||||||||||||
Loans reported as trading assets: | ||||||||||||||||||||||||||||||||||||||
| Changes in instrument-specific credit risk | 75 | — | 75 | 17 | — | 17 | ||||||||||||||||||||||||||||||||
| Other changes in fair value | (1) | 3 | (c) | 2 | 4 | — | 4 | |||||||||||||||||||||||||||||||
| Loans: | ||||||||||||||||||||||||||||||||||||||
| Changes in instrument-specific credit risk | 238 | — | 238 | 31 | 4 | (c) | 35 | |||||||||||||||||||||||||||||||
| Other changes in fair value | 190 | 284 | (c) | 474 | (74) | (78) | (c) | (152) | ||||||||||||||||||||||||||||||
| Other assets | 75 | — | 75 | 32 | (1) | (d) | 31 | |||||||||||||||||||||||||||||||
Deposits(a) | (1,209) | — | (1,209) | (454) | — | (454) | ||||||||||||||||||||||||||||||||
Federal funds purchased and securities loaned or sold under repurchase agreements | (57) | — | (57) | (17) | — | (17) | ||||||||||||||||||||||||||||||||
Short-term borrowings(a) | (301) | — | (301) | (130) | — | (130) | ||||||||||||||||||||||||||||||||
| Trading liabilities | 3 | — | 3 | 4 | — | 4 | ||||||||||||||||||||||||||||||||
Beneficial interests issued by consolidated VIEs | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Other liabilities | (4) | — | (4) | (2) | — | (2) | ||||||||||||||||||||||||||||||||
Long-term debt(a)(b) | (3,308) | 2 | (c)(d) | (3,306) | 2,606 | (14) | (c)(d) | 2,592 | ||||||||||||||||||||||||||||||
| Nine months ended September 30, | ||||||||||||||||||||||||||||||||||||||
| 2024 | 2023 | |||||||||||||||||||||||||||||||||||||
| (in millions) | Principal transactions | All other income | Total changes in fair value recorded (e) | Principal transactions | All other income | Total changes in fair value recorded (e) | ||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | $ | 268 | $ | — | $ | 268 | $ | 366 | $ | — | $ | 366 | ||||||||||||||||||||||||||
| Securities borrowed | 309 | — | 309 | 57 | — | 57 | ||||||||||||||||||||||||||||||||
| Trading assets: | ||||||||||||||||||||||||||||||||||||||
Debt and equity instruments, excluding loans | 4,385 | — | 4,385 | 2,955 | — | 2,955 | ||||||||||||||||||||||||||||||||
Loans reported as trading assets: | ||||||||||||||||||||||||||||||||||||||
| Changes in instrument-specific credit risk | 273 | — | 273 | 248 | — | 248 | ||||||||||||||||||||||||||||||||
| Other changes in fair value | 18 | 4 | (c) | 22 | 9 | 2 | (c) | 11 | ||||||||||||||||||||||||||||||
| Loans: | ||||||||||||||||||||||||||||||||||||||
| Changes in instrument-specific credit risk | 508 | (5) | (c) | 503 | 102 | — | 102 | |||||||||||||||||||||||||||||||
| Other changes in fair value | 172 | 439 | (c) | 611 | 45 | 26 | (c) | 71 | ||||||||||||||||||||||||||||||
| Other assets | 93 | — | 93 | 46 | (2) | (d) | 44 | |||||||||||||||||||||||||||||||
Deposits(a) | (3,167) | — | (3,167) | (1,322) | — | (1,322) | ||||||||||||||||||||||||||||||||
Federal funds purchased and securities loaned or sold under repurchase agreements | (47) | — | (47) | (86) | — | (86) | ||||||||||||||||||||||||||||||||
Short-term borrowings(a) | (751) | — | (751) | (399) | — | (399) | ||||||||||||||||||||||||||||||||
| Trading liabilities | 1 | — | 1 | (26) | — | (26) | ||||||||||||||||||||||||||||||||
Beneficial interests issued by consolidated VIEs | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Other liabilities | (6) | — | (6) | (3) | — | (3) | ||||||||||||||||||||||||||||||||
Long-term debt(a)(b) | (4,244) | (8) | (c)(d) | (4,252) | (855) | (42) | (c)(d) | (897) | ||||||||||||||||||||||||||||||
| September 30, 2024 | December 31, 2023 | ||||||||||||||||||||||||||||
| (in millions) | Contractual principal outstanding | Fair value | Fair value over/(under) contractual principal outstanding | Contractual principal outstanding | Fair value | Fair value over/(under) contractual principal outstanding | |||||||||||||||||||||||
| Loans | |||||||||||||||||||||||||||||
| Nonaccrual loans | |||||||||||||||||||||||||||||
| Loans reported as trading assets | $ | 3,521 | $ | 471 | $ | (3,050) | $ | 2,987 | $ | 588 | $ | (2,399) | |||||||||||||||||
| Loans | 1,267 | 1,072 | (195) | 838 | 732 | (106) | |||||||||||||||||||||||
| Subtotal | 4,788 | 1,543 | (3,245) | 3,825 | 1,320 | (2,505) | |||||||||||||||||||||||
| 90 or more days past due and government guaranteed | |||||||||||||||||||||||||||||
Loans(a) | 42 | 38 | (4) | 65 | 59 | (6) | |||||||||||||||||||||||
All other performing loans(b) | |||||||||||||||||||||||||||||
| Loans reported as trading assets | 10,522 | 9,551 | (971) | 9,547 | 7,968 | (1,579) | |||||||||||||||||||||||
| Loans | 41,577 | 41,027 | (550) | 38,948 | 38,060 | (888) | |||||||||||||||||||||||
| Subtotal | 52,099 | 50,578 | (1,521) | 48,495 | 46,028 | (2,467) | |||||||||||||||||||||||
| Total loans | $ | 56,929 | $ | 52,159 | $ | (4,770) | $ | 52,385 | $ | 47,407 | $ | (4,978) | |||||||||||||||||
| Long-term debt | |||||||||||||||||||||||||||||
| Principal-protected debt | $ | 56,592 | (d) | $ | 48,246 | $ | (8,346) | $ | 47,768 | (d) | $ | 38,882 | $ | (8,886) | |||||||||||||||
Nonprincipal-protected debt(c) | NA | 53,883 | NA | NA | 49,042 | NA | |||||||||||||||||||||||
| Total long-term debt | NA | $ | 102,129 | NA | NA | $ | 87,924 | NA | |||||||||||||||||||||
| Long-term beneficial interests | |||||||||||||||||||||||||||||
Nonprincipal-protected debt(c) | NA | $ | 1 | NA | NA | $ | 1 | NA | |||||||||||||||||||||
| Total long-term beneficial interests | NA | $ | 1 | NA | NA | $ | 1 | NA | |||||||||||||||||||||
| September 30, 2024 | December 31, 2023 | ||||||||||||||||||||||||||||||||||
| (in millions) | Long-term debt | Short-term borrowings | Deposits | Total | Long-term debt | Short-term borrowings | Deposits | Total | |||||||||||||||||||||||||||
| Risk exposure | |||||||||||||||||||||||||||||||||||
| Interest rate | $ | 47,231 | $ | 844 | $ | 47,593 | $ | 95,668 | $ | 38,604 | $ | 654 | $ | 74,526 | $ | 113,784 | |||||||||||||||||||
| Credit | 5,726 | 987 | — | 6,713 | 5,444 | 350 | — | 5,794 | |||||||||||||||||||||||||||
| Foreign exchange | 2,504 | 917 | 341 | 3,762 | 2,605 | 941 | 187 | 3,733 | |||||||||||||||||||||||||||
| Equity | 44,632 | 8,038 | 3,064 | 55,734 | 38,685 | 5,483 | 2,905 | 47,073 | |||||||||||||||||||||||||||
| Commodity | 1,421 | 64 | 1 | (a) | 1,486 | 1,862 | 11 | 1 | (a) | 1,874 | |||||||||||||||||||||||||
| Total structured notes | $ | 101,514 | $ | 10,850 | $ | 50,999 | $ | 163,363 | $ | 87,200 | $ | 7,439 | $ | 77,619 | $ | 172,258 | |||||||||||||||||||
| Type of Derivative | Use of Derivative | Designation and disclosure | Affected segment or unit | 10-Q page reference | ||||||||||
| Manage specifically identified risk exposures in qualifying hedge accounting relationships: | ||||||||||||||
•Interest rate | Hedge fixed rate assets and liabilities | Fair value hedge | Corporate | 121-122 | ||||||||||
•Interest rate | Hedge floating-rate assets and liabilities | Cash flow hedge | Corporate | 123 | ||||||||||
•Foreign exchange | Hedge foreign currency-denominated assets and liabilities | Fair value hedge | Corporate | 121-122 | ||||||||||
•Foreign exchange | Hedge foreign currency-denominated forecasted revenue and expense | Cash flow hedge | Corporate | 123 | ||||||||||
•Foreign exchange | Hedge the value of the Firm’s investments in non-U.S. dollar functional currency entities | Net investment hedge | Corporate | 124 | ||||||||||
•Commodity | Hedge commodity inventory | Fair value hedge | CIB, AWM | 121-122 | ||||||||||
Manage specifically identified risk exposures not designated in qualifying hedge accounting relationships: | ||||||||||||||
•Interest rate | Manage the risk associated with mortgage commitments, warehouse loans and MSRs | Specified risk management | CCB | 125 | ||||||||||
•Credit | Manage the credit risk associated with wholesale lending exposures | Specified risk management | CIB, AWM | 125 | ||||||||||
•Interest rate and foreign exchange | Manage the risk associated with certain other specified assets and liabilities | Specified risk management | Corporate, CIB | 125 | ||||||||||
Market-making derivatives and other activities: | ||||||||||||||
•Various | Market-making and related risk management | Market-making and other | CIB | 125 | ||||||||||
•Various | Other derivatives | Market-making and other | CIB, AWM, Corporate | 125 | ||||||||||
Notional amounts(b) | ||||||||
| (in billions) | September 30, 2024 | December 31, 2023 | ||||||
| Interest rate contracts | ||||||||
Swaps | $ | 27,623 | $ | 23,251 | ||||
Futures and forwards | 4,439 | 2,690 | ||||||
Written options | 3,439 | 3,370 | ||||||
Purchased options | 3,455 | 3,362 | ||||||
Total interest rate contracts | 38,956 | 32,673 | ||||||
Credit derivatives(a) | 1,523 | 1,045 | ||||||
Foreign exchange contracts | ||||||||
Cross-currency swaps | 5,002 | 4,721 | ||||||
Spot, futures and forwards | 9,495 | 6,957 | ||||||
Written options | 1,047 | 830 | ||||||
Purchased options | 1,027 | 798 | ||||||
Total foreign exchange contracts | 16,571 | 13,306 | ||||||
| Equity contracts | ||||||||
Swaps | 856 | 639 | ||||||
Futures and forwards | 187 | 157 | ||||||
Written options | 1,016 | 778 | ||||||
Purchased options | 888 | 698 | ||||||
| Total equity contracts | 2,947 | 2,272 | ||||||
| Commodity contracts | ||||||||
Swaps | 134 | 115 | ||||||
Spot, futures and forwards | 211 | 157 | ||||||
Written options | 159 | 130 | ||||||
Purchased options | 135 | 115 | ||||||
Total commodity contracts | 639 | 517 | ||||||
Total derivative notional amounts | $ | 60,636 | $ | 49,813 | ||||
Free-standing derivative receivables and payables(a) | |||||||||||||||||||||||||||||||||||||||||||||||
| Gross derivative receivables | Gross derivative payables | ||||||||||||||||||||||||||||||||||||||||||||||
| September 30, 2024 (in millions) | Not designated as hedges | Designated as hedges | Total derivative receivables | Net derivative receivables(b) | Not designated as hedges | Designated as hedges | Total derivative payables | Net derivative payables(b) | |||||||||||||||||||||||||||||||||||||||
Trading assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate | $ | 306,252 | $ | — | $ | 306,252 | $ | 24,134 | $ | 288,844 | $ | 1 | $ | 288,845 | $ | 8,608 | |||||||||||||||||||||||||||||||
| Credit | 10,522 | — | 10,522 | 609 | 13,973 | — | 13,973 | 1,726 | |||||||||||||||||||||||||||||||||||||||
| Foreign exchange | 195,917 | 556 | 196,473 | 16,989 | 198,116 | 1,880 | 199,996 | 12,648 | |||||||||||||||||||||||||||||||||||||||
| Equity | 98,845 | — | 98,845 | 5,351 | 111,659 | — | 111,659 | 10,610 | |||||||||||||||||||||||||||||||||||||||
| Commodity | 21,619 | 25 | 21,644 | 5,478 | 19,327 | 85 | 19,412 | 5,073 | |||||||||||||||||||||||||||||||||||||||
Total fair value of trading assets and liabilities | $ | 633,155 | $ | 581 | $ | 633,736 | $ | 52,561 | $ | 631,919 | $ | 1,966 | $ | 633,885 | $ | 38,665 | |||||||||||||||||||||||||||||||
| Gross derivative receivables | Gross derivative payables | ||||||||||||||||||||||||||||||||||||||||||||||
| December 31, 2023 (in millions) | Not designated as hedges | Designated as hedges | Total derivative receivables | Net derivative receivables(b) | Not designated as hedges | Designated as hedges | Total derivative payables | Net derivative payables(b) | |||||||||||||||||||||||||||||||||||||||
Trading assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate | $ | 250,689 | $ | 2 | $ | 250,691 | $ | 26,324 | $ | 240,482 | $ | — | $ | 240,482 | $ | 11,896 | |||||||||||||||||||||||||||||||
| Credit | 9,654 | — | 9,654 | 551 | 12,038 | — | 12,038 | 1,089 | |||||||||||||||||||||||||||||||||||||||
| Foreign exchange | 205,010 | 765 | 205,775 | 18,019 | 210,623 | 1,640 | 212,263 | 12,620 | |||||||||||||||||||||||||||||||||||||||
| Equity | 57,689 | — | 57,689 | 4,928 | 65,811 | — | 65,811 | 9,368 | |||||||||||||||||||||||||||||||||||||||
| Commodity | 15,228 | 211 | 15,439 | 5,042 | 16,286 | 92 | 16,378 | 5,874 | |||||||||||||||||||||||||||||||||||||||
Total fair value of trading assets and liabilities | $ | 538,270 | $ | 978 | $ | 539,248 | $ | 54,864 | $ | 545,240 | $ | 1,732 | $ | 546,972 | $ | 40,847 | |||||||||||||||||||||||||||||||
| September 30, 2024 | December 31, 2023 | |||||||||||||||||||||||||||||||||||||
| (in millions) | Gross derivative receivables | Amounts netted on the Consolidated balance sheets | Net derivative receivables | Gross derivative receivables | Amounts netted on the Consolidated balance sheets | Net derivative receivables | ||||||||||||||||||||||||||||||||
U.S. GAAP nettable derivative receivables | ||||||||||||||||||||||||||||||||||||||
| Interest rate contracts: | ||||||||||||||||||||||||||||||||||||||
| Over-the-counter (“OTC”) | $ | 166,047 | $ | (143,724) | $ | 22,323 | $ | 176,901 | $ | (152,703) | $ | 24,198 | ||||||||||||||||||||||||||
| OTC–cleared | 138,294 | (138,158) | 136 | 71,419 | (71,275) | 144 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 241 | (236) | 5 | 402 | (389) | 13 | ||||||||||||||||||||||||||||||||
| Total interest rate contracts | 304,582 | (282,118) | 22,464 | 248,722 | (224,367) | 24,355 | ||||||||||||||||||||||||||||||||
| Credit contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 7,735 | (7,393) | 342 | 7,637 | (7,226) | 411 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 2,684 | (2,520) | 164 | 1,904 | (1,877) | 27 | ||||||||||||||||||||||||||||||||
| Total credit contracts | 10,419 | (9,913) | 506 | 9,541 | (9,103) | 438 | ||||||||||||||||||||||||||||||||
| Foreign exchange contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 194,493 | (179,201) | 15,292 | 203,624 | (187,295) | 16,329 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 314 | (283) | 31 | 469 | (459) | 10 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 21 | — | 21 | 6 | (2) | 4 | ||||||||||||||||||||||||||||||||
| Total foreign exchange contracts | 194,828 | (179,484) | 15,344 | 204,099 | (187,756) | 16,343 | ||||||||||||||||||||||||||||||||
| Equity contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 38,268 | (35,837) | 2,431 | 25,001 | (23,677) | 1,324 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 59,463 | (57,657) | 1,806 | 30,462 | (29,084) | 1,378 | ||||||||||||||||||||||||||||||||
| Total equity contracts | 97,731 | (93,494) | 4,237 | 55,463 | (52,761) | 2,702 | ||||||||||||||||||||||||||||||||
| Commodity contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 11,045 | (8,206) | 2,839 | 8,049 | (5,084) | 2,965 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 106 | (80) | 26 | 133 | (123) | 10 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 8,296 | (7,880) | 416 | 5,214 | (5,190) | 24 | ||||||||||||||||||||||||||||||||
| Total commodity contracts | 19,447 | (16,166) | 3,281 | 13,396 | (10,397) | 2,999 | ||||||||||||||||||||||||||||||||
Derivative receivables with appropriate legal opinion | 627,007 | (581,175) | 45,832 | (d) | 531,221 | (484,384) | 46,837 | (d) | ||||||||||||||||||||||||||||||
Derivative receivables where an appropriate legal opinion has not been either sought or obtained | 6,729 | 6,729 | 8,027 | 8,027 | ||||||||||||||||||||||||||||||||||
Total derivative receivables recognized on the Consolidated balance sheets | $ | 633,736 | $ | 52,561 | $ | 539,248 | $ | 54,864 | ||||||||||||||||||||||||||||||
Collateral not nettable on the Consolidated balance sheets(b)(c) | (23,082) | (22,461) | ||||||||||||||||||||||||||||||||||||
Net amounts | $ | 29,479 | $ | 32,403 | ||||||||||||||||||||||||||||||||||
| September 30, 2024 | December 31, 2023 | |||||||||||||||||||||||||||||||||||||
| (in millions) | Gross derivative payables | Amounts netted on the Consolidated balance sheets | Net derivative payables | Gross derivative payables | Amounts netted on the Consolidated balance sheets | Net derivative payables | ||||||||||||||||||||||||||||||||
U.S. GAAP nettable derivative payables | ||||||||||||||||||||||||||||||||||||||
| Interest rate contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | $ | 144,408 | $ | (137,394) | $ | 7,014 | $ | 161,901 | $ | (152,467) | $ | 9,434 | ||||||||||||||||||||||||||
| OTC–cleared | 142,941 | (142,409) | 532 | 76,007 | (75,729) | 278 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 436 | (434) | 2 | 436 | (390) | 46 | ||||||||||||||||||||||||||||||||
| Total interest rate contracts | 287,785 | (280,237) | 7,548 | 238,344 | (228,586) | 9,758 | ||||||||||||||||||||||||||||||||
| Credit contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 11,419 | (10,083) | 1,336 | 10,332 | (9,313) | 1,019 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 2,334 | (2,164) | 170 | 1,639 | (1,636) | 3 | ||||||||||||||||||||||||||||||||
| Total credit contracts | 13,753 | (12,247) | 1,506 | 11,971 | (10,949) | 1,022 | ||||||||||||||||||||||||||||||||
| Foreign exchange contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 197,375 | (187,064) | 10,311 | 209,386 | (199,173) | 10,213 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 306 | (284) | 22 | 552 | (470) | 82 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 17 | — | 17 | 6 | — | 6 | ||||||||||||||||||||||||||||||||
| Total foreign exchange contracts | 197,698 | (187,348) | 10,350 | 209,944 | (199,643) | 10,301 | ||||||||||||||||||||||||||||||||
| Equity contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 51,106 | (43,393) | 7,713 | 29,999 | (27,360) | 2,639 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 58,200 | (57,656) | 544 | 33,137 | (29,083) | 4,054 | ||||||||||||||||||||||||||||||||
| Total equity contracts | 109,306 | (101,049) | 8,257 | 63,136 | (56,443) | 6,693 | ||||||||||||||||||||||||||||||||
| Commodity contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 9,066 | (6,577) | 2,489 | 8,788 | (5,192) | 3,596 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 80 | (80) | — | 120 | (120) | — | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 7,682 | (7,682) | — | 5,376 | (5,192) | 184 | ||||||||||||||||||||||||||||||||
| Total commodity contracts | 16,828 | (14,339) | 2,489 | 14,284 | (10,504) | 3,780 | ||||||||||||||||||||||||||||||||
Derivative payables with appropriate legal opinion | 625,370 | (595,220) | 30,150 | (d) | 537,679 | (506,125) | 31,554 | (d) | ||||||||||||||||||||||||||||||
Derivative payables where an appropriate legal opinion has not been either sought or obtained | 8,515 | 8,515 | 9,293 | 9,293 | ||||||||||||||||||||||||||||||||||
Total derivative payables recognized on the Consolidated balance sheets | $ | 633,885 | $ | 38,665 | $ | 546,972 | $ | 40,847 | ||||||||||||||||||||||||||||||
Collateral not nettable on the Consolidated balance sheets(b)(c) | (9,522) | (4,547) | ||||||||||||||||||||||||||||||||||||
Net amounts | $ | 29,143 | $ | 36,300 | ||||||||||||||||||||||||||||||||||
| OTC and OTC-cleared derivative payables containing downgrade triggers | |||||||||||||||||
| (in millions) | September 30, 2024 | December 31, 2023 | |||||||||||||||
Aggregate fair value of net derivative payables | $ | 15,954 | $ | 14,655 | |||||||||||||
| Collateral posted | 15,871 | 14,673 | |||||||||||||||
| Liquidity impact of downgrade triggers on OTC and OTC-cleared derivatives | |||||||||||||||||
| September 30, 2024 | December 31, 2023 | ||||||||||||||||
| (in millions) | Single-notch downgrade | Two-notch downgrade | Single-notch downgrade | Two-notch downgrade | |||||||||||||
Amount of additional collateral to be posted upon downgrade(a) | $ | 65 | $ | 1,056 | $ | 75 | $ | 1,153 | |||||||||
Amount required to settle contracts with termination triggers upon downgrade(b) | 85 | 576 | 93 | 592 | |||||||||||||
| Gains/(losses) recorded in income | Income statement impact of excluded components(e) | OCI impact | ||||||||||||||||||||||||||||||
| Three months ended September 30, 2024 (in millions) | Derivatives | Hedged items | Income statement impact | Amortization approach | Changes in fair value | Derivatives - Gains/(losses) recorded in OCI(f) | ||||||||||||||||||||||||||
| Contract type | ||||||||||||||||||||||||||||||||
Interest rate(a)(b) | $ | 353 | $ | (91) | $ | 262 | $ | — | $ | 195 | $ | — | ||||||||||||||||||||
Foreign exchange(c) | (668) | 744 | 76 | (147) | 76 | (27) | ||||||||||||||||||||||||||
Commodity(d) | (37) | 84 | 47 | — | 47 | — | ||||||||||||||||||||||||||
| Total | $ | (352) | $ | 737 | $ | 385 | $ | (147) | $ | 318 | $ | (27) | ||||||||||||||||||||
| Gains/(losses) recorded in income | Income statement impact of excluded components(e) | OCI impact | ||||||||||||||||||||||||||||||
| Three months ended September 30, 2023 (in millions) | Derivatives | Hedged items | Income statement impact | Amortization approach | Changes in fair value | Derivatives - Gains/(losses) recorded in OCI(f) | ||||||||||||||||||||||||||
| Contract type | ||||||||||||||||||||||||||||||||
Interest rate(a)(b) | $ | 620 | $ | (577) | $ | 43 | $ | — | $ | 61 | $ | — | ||||||||||||||||||||
Foreign exchange(c) | (18) | 71 | 53 | (145) | 53 | (7) | ||||||||||||||||||||||||||
Commodity(d) | 938 | (799) | 139 | — | 145 | — | ||||||||||||||||||||||||||
| Total | $ | 1,540 | $ | (1,305) | $ | 235 | $ | (145) | $ | 259 | $ | (7) | ||||||||||||||||||||
| Gains/(losses) recorded in income | Income statement impact of excluded components(e) | OCI impact | ||||||||||||||||||||||||||||||
| Nine months ended September 30, 2024 (in millions) | Derivatives | Hedged items | Income statement impact | Amortization approach | Changes in fair value | Derivatives - Gains/(losses) recorded in OCI(f) | ||||||||||||||||||||||||||
| Contract type | ||||||||||||||||||||||||||||||||
Interest rate(a)(b) | $ | 831 | $ | (353) | $ | 478 | $ | — | $ | 428 | $ | — | ||||||||||||||||||||
Foreign exchange(c) | (863) | 1,044 | 181 | (394) | 181 | (43) | ||||||||||||||||||||||||||
Commodity(d) | 165 | (63) | 102 | — | 99 | — | ||||||||||||||||||||||||||
| Total | $ | 133 | $ | 628 | $ | 761 | $ | (394) | $ | 708 | $ | (43) | ||||||||||||||||||||
| Gains/(losses) recorded in income | Income statement impact of excluded components(e) | OCI impact | ||||||||||||||||||||||||||||||
| Nine months ended September 30, 2023 (in millions) | Derivatives | Hedged items | Income statement impact | Amortization approach | Changes in fair value | Derivatives - Gains/(losses) recorded in OCI(f) | ||||||||||||||||||||||||||
| Contract type | ||||||||||||||||||||||||||||||||
Interest rate(a)(b) | $ | 1,641 | $ | (1,516) | $ | 125 | $ | — | $ | 75 | $ | — | ||||||||||||||||||||
Foreign exchange(c) | 394 | (211) | 183 | (474) | 183 | (20) | ||||||||||||||||||||||||||
Commodity(d) | (180) | 536 | 356 | — | 362 | — | ||||||||||||||||||||||||||
| Total | $ | 1,855 | $ | (1,191) | $ | 664 | $ | (474) | $ | 620 | $ | (20) | ||||||||||||||||||||
Carrying amount of the hedged items(a)(b) | Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items: | |||||||||||||||||||
| September 30, 2024 (in millions) | Active hedging relationships(d) | Discontinued hedging relationships(d)(e) | Total | |||||||||||||||||
| Assets | ||||||||||||||||||||
| Investment securities - AFS | $ | 179,277 | (c) | $ | 3,001 | $ | (1,815) | $ | 1,186 | |||||||||||
| Liabilities | ||||||||||||||||||||
| Long-term debt | 215,891 | 1,204 | (9,493) | (8,289) | ||||||||||||||||
| Beneficial interests issued by consolidated VIEs | 2,363 | 20 | (6) | 14 | ||||||||||||||||
Carrying amount of the hedged items(a)(b) | Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items: | |||||||||||||||||||
| December 31, 2023 (in millions) | Active hedging relationships(d) | Discontinued hedging relationships(d)(e) | Total | |||||||||||||||||
| Assets | ||||||||||||||||||||
| Investment securities - AFS | $ | 151,752 | (c) | $ | 549 | $ | (2,010) | $ | (1,461) | |||||||||||
| Liabilities | ||||||||||||||||||||
| Long-term debt | 195,455 | (2,042) | (9,727) | (11,769) | ||||||||||||||||
| Beneficial interests issued by consolidated VIEs | — | — | — | — | ||||||||||||||||
| Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) | ||||||||||||||
| Three months ended September 30, 2024 (in millions) | Amounts reclassified from AOCI to income | Amounts recorded in OCI | Total change in OCI for period | |||||||||||
| Contract type | ||||||||||||||
Interest rate(a) | $ | (716) | $ | 2,071 | $ | 2,787 | ||||||||
Foreign exchange(b) | 43 | 242 | 199 | |||||||||||
| Total | $ | (673) | $ | 2,313 | $ | 2,986 | ||||||||
| Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) | ||||||||||||||
| Three months ended September 30, 2023 (in millions) | Amounts reclassified from AOCI to income | Amounts recorded in OCI | Total change in OCI for period | |||||||||||
| Contract type | ||||||||||||||
Interest rate(a) | $ | (514) | $ | (1,087) | $ | (573) | ||||||||
Foreign exchange(b) | 71 | (122) | (193) | |||||||||||
| Total | $ | (443) | $ | (1,209) | $ | (766) | ||||||||
| Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) | ||||||||||||||
| Nine months ended September 30, 2024 (in millions) | Amounts reclassified from AOCI to income | Amounts recorded in OCI | Total change in OCI for period | |||||||||||
| Contract type | ||||||||||||||
Interest rate(a) | $ | (1,998) | $ | (330) | $ | 1,668 | ||||||||
Foreign exchange(b) | 81 | 198 | 117 | |||||||||||
| Total | $ | (1,917) | $ | (132) | $ | 1,785 | ||||||||
| Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) | ||||||||||||||
| Nine months ended September 30, 2023 (in millions) | Amounts reclassified from AOCI to income | Amounts recorded in OCI | Total change in OCI for period | |||||||||||
| Contract type | ||||||||||||||
Interest rate(a) | $ | (1,416) | $ | (1,825) | $ | (409) | ||||||||
Foreign exchange(b) | 25 | 64 | 39 | |||||||||||
| Total | $ | (1,391) | $ | (1,761) | $ | (370) | ||||||||
| Gains/(losses) recorded in income and other comprehensive income/(loss) | |||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||
| Three months ended September 30, (in millions) | Amounts recorded in income(a)(b) | Amounts recorded in OCI | Amounts recorded in income(a)(b) | Amounts recorded in OCI | |||||||||||||||||||||||||
| Foreign exchange derivatives | $ | 151 | $ | (2,487) | $ | 26 | $ | 1,650 | |||||||||||||||||||||
| Gains/(losses) recorded in income and other comprehensive income/(loss) | |||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||
| Nine months ended September 30, (in millions) | Amounts recorded in income(a)(b) | Amounts recorded in OCI | Amounts recorded in income(a)(b) | Amounts recorded in OCI | |||||||||||||||||||||||||
| Foreign exchange derivatives | $ | 344 | $ | (83) | $ | 231 | $ | 558 | |||||||||||||||||||||
| Derivatives gains/(losses) recorded in income | |||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Contract type | |||||||||||||||||
Interest rate(a) | $ | 122 | $ | (259) | $ | (123) | $ | (385) | |||||||||
Credit(b) | (143) | (39) | (424) | (202) | |||||||||||||
Foreign exchange(c) | 4 | (22) | 32 | 21 | |||||||||||||
| Total | $ | (17) | $ | (320) | $ | (515) | $ | (566) | |||||||||
| Maximum payout/Notional amount | ||||||||||||||||||||||||||
| September 30, 2024 (in millions) | Protection sold | Protection purchased with identical underlyings(c) | Net protection (sold)/purchased(d) | Other protection purchased(e) | ||||||||||||||||||||||
| Credit derivatives | ||||||||||||||||||||||||||
| Credit default swaps | $ | (599,707) | $ | 611,107 | $ | 11,400 | $ | 5,328 | ||||||||||||||||||
Other credit derivatives(a) | (133,344) | 162,202 | 28,858 | 10,972 | ||||||||||||||||||||||
| Total credit derivatives | (733,051) | 773,309 | 40,258 | 16,300 | ||||||||||||||||||||||
Credit-related notes(b) | — | — | — | 11,481 | ||||||||||||||||||||||
| Total | $ | (733,051) | $ | 773,309 | $ | 40,258 | $ | 27,781 | ||||||||||||||||||
| Maximum payout/Notional amount | ||||||||||||||||||||||||||
| December 31, 2023 (in millions) | Protection sold | Protection purchased with identical underlyings(c) | Net protection (sold)/purchased(d) | Other protection purchased(e) | ||||||||||||||||||||||
| Credit derivatives | ||||||||||||||||||||||||||
| Credit default swaps | $ | (450,172) | $ | 473,823 | $ | 23,651 | $ | 7,517 | ||||||||||||||||||
Other credit derivatives(a) | (38,846) | 45,416 | 6,570 | 29,206 | ||||||||||||||||||||||
| Total credit derivatives | (489,018) | 519,239 | 30,221 | 36,723 | ||||||||||||||||||||||
Credit-related notes(b) | — | — | — | 9,788 | ||||||||||||||||||||||
| Total | $ | (489,018) | $ | 519,239 | $ | 30,221 | $ | 46,511 | ||||||||||||||||||
Protection sold — credit derivatives ratings(a)/maturity profile | |||||||||||||||||||||||||||||||||||||||||
| September 30, 2024 (in millions) | <1 year | 1–5 years | >5 years | Total notional amount | Fair value of receivables(b) | Fair value of payables(b) | Net fair value | ||||||||||||||||||||||||||||||||||
Risk rating of reference entity | |||||||||||||||||||||||||||||||||||||||||
| Investment-grade | $ | (180,831) | $ | (300,486) | $ | (101,657) | $ | (582,974) | $ | 4,886 | $ | (1,709) | $ | 3,177 | |||||||||||||||||||||||||||
| Noninvestment-grade | (41,966) | (84,700) | (23,411) | (150,077) | 2,480 | (1,211) | 1,269 | ||||||||||||||||||||||||||||||||||
| Total | $ | (222,797) | $ | (385,186) | $ | (125,068) | $ | (733,051) | $ | 7,366 | $ | (2,920) | $ | 4,446 | |||||||||||||||||||||||||||
| December 31, 2023 (in millions) | <1 year | 1–5 years | >5 years | Total notional amount | Fair value of receivables(b) | Fair value of payables(b) | Net fair value | ||||||||||||||||||||||||||||||||||
Risk rating of reference entity | |||||||||||||||||||||||||||||||||||||||||
| Investment-grade | $ | (89,981) | $ | (263,834) | $ | (29,470) | $ | (383,285) | $ | 3,659 | $ | (1,144) | $ | 2,515 | |||||||||||||||||||||||||||
| Noninvestment-grade | (31,419) | (69,515) | (4,799) | (105,733) | 2,466 | (1,583) | 883 | ||||||||||||||||||||||||||||||||||
| Total | $ | (121,400) | $ | (333,349) | $ | (34,269) | $ | (489,018) | $ | 6,125 | $ | (2,727) | $ | 3,398 | |||||||||||||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Interest income | |||||||||||||||||
Loans(a) | $ | 23,509 | $ | 22,311 | $ | 69,281 | $ | 60,325 | |||||||||
| Taxable securities | 5,849 | 4,513 | 15,844 | 12,674 | |||||||||||||
Non-taxable securities(b) | 298 | 360 | 923 | 951 | |||||||||||||
Total investment securities(a) | 6,147 | 4,873 | 16,767 | 13,625 | |||||||||||||
| Trading assets - debt instruments | 5,613 | 4,164 | 15,198 | 11,823 | |||||||||||||
| Federal funds sold and securities purchased under resale agreements | 5,226 | 3,951 | 14,262 | 10,849 | |||||||||||||
| Securities borrowed | 2,478 | 2,085 | 6,821 | 5,667 | |||||||||||||
| Deposits with banks | 5,366 | 5,270 | 17,811 | 15,278 | |||||||||||||
All other interest-earning assets(c) | 2,077 | 1,902 | 6,227 | 5,637 | |||||||||||||
| Total interest income | $ | 50,416 | $ | 44,556 | $ | 146,367 | $ | 123,204 | |||||||||
| Interest expense | |||||||||||||||||
| Interest-bearing deposits | $ | 12,914 | $ | 10,796 | $ | 37,569 | $ | 28,024 | |||||||||
| Federal funds purchased and securities loaned or sold under repurchase agreements | 5,733 | 3,523 | 14,810 | 9,727 | |||||||||||||
| Short-term borrowings | 542 | 512 | 1,579 | 1,361 | |||||||||||||
Trading liabilities – debt and all other interest-bearing liabilities(d) | 2,632 | 2,463 | 7,872 | 6,807 | |||||||||||||
| Long-term debt | 4,838 | 4,239 | 14,236 | 11,428 | |||||||||||||
| Beneficial interest issued by consolidated VIEs | 352 | 297 | 1,068 | 641 | |||||||||||||
| Total interest expense | $ | 27,011 | $ | 21,830 | $ | 77,134 | $ | 57,988 | |||||||||
| Net interest income | $ | 23,405 | $ | 22,726 | $ | 69,233 | $ | 65,216 | |||||||||
| Provision for credit losses | 3,111 | 1,384 | 8,047 | 6,558 | |||||||||||||
| Net interest income after provision for credit losses | $ | 20,294 | $ | 21,342 | $ | 61,186 | $ | 58,658 | |||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Total net periodic defined benefit plan cost/(credit) | $ | (114) | $ | (104) | $ | (342) | $ | (292) | |||||||||
Total defined contribution plans | 461 | 403 | 1,292 | 1,165 | |||||||||||||
Total pension and OPEB cost included in noninterest expense | $ | 347 | $ | 299 | $ | 950 | $ | 873 | |||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||
| Cost of prior grants of restricted stock units (“RSUs”), performance share units (“PSUs”) and stock appreciation rights (“SARs”) that are amortized over their applicable vesting periods | $ | 359 | $ | 363 | $ | 1,224 | $ | 1,169 | |||||||||||||||
| Accrual of estimated costs of share-based awards to be granted in future periods, predominantly those to full-career eligible employees | 490 | 419 | 1,507 | 1,317 | |||||||||||||||||||
| Total noncash compensation expense related to employee share-based incentive plans | $ | 849 | $ | 782 | $ | 2,731 | $ | 2,486 | |||||||||||||||
| September 30, 2024 | December 31, 2023 | ||||||||||||||||||||||||||||||||||
| (in millions) | Amortized cost(d)(e) | Gross unrealized gains | Gross unrealized losses | Fair value | Amortized cost(d)(e) | Gross unrealized gains | Gross unrealized losses | Fair value | |||||||||||||||||||||||||||
| Available-for-sale securities | |||||||||||||||||||||||||||||||||||
| Mortgage-backed securities: | |||||||||||||||||||||||||||||||||||
| U.S. GSEs and government agencies | $ | 83,081 | $ | 1,280 | $ | 2,498 | $ | 81,863 | $ | 88,377 | $ | 870 | $ | 4,077 | $ | 85,170 | |||||||||||||||||||
| Residential: | |||||||||||||||||||||||||||||||||||
| U.S. | 3,321 | 33 | 33 | 3,321 | 2,086 | 10 | 68 | 2,028 | |||||||||||||||||||||||||||
| Non-U.S. | 733 | 3 | — | 736 | 1,608 | 4 | 1 | 1,611 | |||||||||||||||||||||||||||
| Commercial | 3,651 | 32 | 74 | 3,609 | 2,930 | 12 | 139 | 2,803 | |||||||||||||||||||||||||||
| Total mortgage-backed securities | 90,786 | 1,348 | 2,605 | 89,529 | 95,001 | 896 | 4,285 | 91,612 | |||||||||||||||||||||||||||
| U.S. Treasury and government agencies | 170,989 | 1,433 | 240 | 172,182 | 58,051 | 276 | 522 | 57,805 | |||||||||||||||||||||||||||
| Obligations of U.S. states and municipalities | 18,112 | 340 | 247 | 18,205 | 21,243 | 390 | 266 | 21,367 | |||||||||||||||||||||||||||
| Non-U.S. government debt securities | 42,627 | 229 | 303 | 42,553 | 21,387 | 254 | 359 | 21,282 | |||||||||||||||||||||||||||
| Corporate debt securities | 70 | — | 9 | 61 | 128 | — | 28 | 100 | |||||||||||||||||||||||||||
| Asset-backed securities: | |||||||||||||||||||||||||||||||||||
| Collateralized loan obligations | 9,655 | 32 | 5 | 9,682 | 6,769 | 11 | 28 | 6,752 | |||||||||||||||||||||||||||
| Other | 2,318 | 26 | 8 | 2,336 | 2,804 | 8 | 26 | 2,786 | |||||||||||||||||||||||||||
Unallocated portfolio layer fair value basis adjustments(a) | 694 | (694) | — | NA | 73 | (73) | — | NA | |||||||||||||||||||||||||||
| Total available-for-sale securities | 335,251 | 2,714 | 3,417 | 334,548 | 205,456 | 1,762 | 5,514 | 201,704 | |||||||||||||||||||||||||||
Held-to-maturity securities(b) | |||||||||||||||||||||||||||||||||||
| Mortgage-backed securities: | |||||||||||||||||||||||||||||||||||
| U.S. GSEs and government agencies | 99,328 | 94 | 9,641 | 89,781 | 105,614 | 39 | 11,643 | 94,010 | |||||||||||||||||||||||||||
| U.S. Residential | 8,874 | 11 | 688 | 8,197 | 9,709 | 4 | 970 | 8,743 | |||||||||||||||||||||||||||
| Commercial | 9,324 | 48 | 315 | 9,057 | 10,534 | 13 | 581 | 9,966 | |||||||||||||||||||||||||||
| Total mortgage-backed securities | 117,526 | 153 | 10,644 | 107,035 | 125,857 | 56 | 13,194 | 112,719 | |||||||||||||||||||||||||||
| U.S. Treasury and government agencies | 123,504 | — | 9,343 | 114,161 | 173,666 | — | 13,074 | 160,592 | |||||||||||||||||||||||||||
| Obligations of U.S. states and municipalities | 9,426 | 54 | 542 | 8,938 | 9,945 | 74 | 591 | 9,428 | |||||||||||||||||||||||||||
| Asset-backed securities: | |||||||||||||||||||||||||||||||||||
| Collateralized loan obligations | 47,999 | 68 | 24 | 48,043 | 58,565 | 47 | 352 | 58,260 | |||||||||||||||||||||||||||
| Other | 1,499 | 2 | 37 | 1,464 | 1,815 | 1 | 61 | 1,755 | |||||||||||||||||||||||||||
Total held-to-maturity securities(c) | 299,954 | 277 | 20,590 | 279,641 | 369,848 | 178 | 27,272 | 342,754 | |||||||||||||||||||||||||||
| Total investment securities, net of allowance for credit losses | $ | 635,205 | $ | 2,991 | $ | 24,007 | $ | 614,189 | $ | 575,304 | $ | 1,940 | $ | 32,786 | $ | 544,458 | |||||||||||||||||||
| Available-for-sale securities with gross unrealized losses | ||||||||||||||||||||||||||
| Less than 12 months | 12 months or more | |||||||||||||||||||||||||
| September 30, 2024 (in millions) | Fair value | Gross unrealized losses | Fair value | Gross unrealized losses | Total fair value | Total gross unrealized losses | ||||||||||||||||||||
| Available-for-sale securities | ||||||||||||||||||||||||||
| Mortgage-backed securities: | ||||||||||||||||||||||||||
| Residential: | ||||||||||||||||||||||||||
U.S. | $ | 110 | $ | — | $ | 975 | $ | 33 | $ | 1,085 | $ | 33 | ||||||||||||||
| Non-U.S. | — | — | — | — | — | — | ||||||||||||||||||||
| Commercial | 164 | 2 | 1,304 | 72 | 1,468 | 74 | ||||||||||||||||||||
| Total mortgage-backed securities | 274 | 2 | 2,279 | 105 | 2,553 | 107 | ||||||||||||||||||||
| Obligations of U.S. states and municipalities | 1,931 | 19 | 2,337 | 228 | 4,268 | 247 | ||||||||||||||||||||
| Non-U.S. government debt securities | 6,510 | 41 | 4,500 | 262 | 11,010 | 303 | ||||||||||||||||||||
| Corporate debt securities | — | — | 17 | 9 | 17 | 9 | ||||||||||||||||||||
| Asset-backed securities: | ||||||||||||||||||||||||||
| Collateralized loan obligations | 395 | — | 516 | 5 | 911 | 5 | ||||||||||||||||||||
| Other | 119 | — | 316 | 8 | 435 | 8 | ||||||||||||||||||||
Total available-for-sale securities with gross unrealized losses | $ | 9,229 | $ | 62 | $ | 9,965 | $ | 617 | $ | 19,194 | $ | 679 | ||||||||||||||
| Available-for-sale securities with gross unrealized losses | ||||||||||||||||||||||||||
| Less than 12 months | 12 months or more | |||||||||||||||||||||||||
| December 31, 2023 (in millions) | Fair value | Gross unrealized losses | Fair value | Gross unrealized losses | Total fair value | Total gross unrealized losses | ||||||||||||||||||||
| Available-for-sale securities | ||||||||||||||||||||||||||
| Mortgage-backed securities: | ||||||||||||||||||||||||||
| Residential: | ||||||||||||||||||||||||||
| U.S. | $ | 81 | $ | — | $ | 1,160 | $ | 68 | $ | 1,241 | $ | 68 | ||||||||||||||
| Non-U.S. | — | — | 722 | 1 | 722 | 1 | ||||||||||||||||||||
| Commercial | 228 | 3 | 1,775 | 136 | 2,003 | 139 | ||||||||||||||||||||
| Total mortgage-backed securities | 309 | 3 | 3,657 | 205 | 3,966 | 208 | ||||||||||||||||||||
| Obligations of U.S. states and municipalities | 2,134 | 20 | 2,278 | 246 | 4,412 | 266 | ||||||||||||||||||||
| Non-U.S. government debt securities | 7,145 | 23 | 4,987 | 336 | 12,132 | 359 | ||||||||||||||||||||
| Corporate debt securities | 9 | — | 79 | 28 | 88 | 28 | ||||||||||||||||||||
| Asset-backed securities: | ||||||||||||||||||||||||||
| Collateralized loan obligations | 932 | 2 | 3,744 | 26 | 4,676 | 28 | ||||||||||||||||||||
| Other | 208 | 1 | 1,288 | 25 | 1,496 | 26 | ||||||||||||||||||||
| Total available-for-sale securities with gross unrealized losses | $ | 10,737 | $ | 49 | $ | 16,033 | $ | 866 | $ | 26,770 | $ | 915 | ||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | ||||||||||||||||
| Realized gains | $ | 298 | $ | 16 | $ | 535 | $ | 345 | ||||||||||||
| Realized losses | (314) | (685) | (1,464) | (2,782) | ||||||||||||||||
| Investment securities losses | $ | (16) | $ | (669) | $ | (929) | $ | (2,437) | ||||||||||||
| Provision for credit losses | $ | (2) | $ | 13 | $ | 47 | $ | 27 | ||||||||||||
| By remaining maturity September 30, 2024 (in millions) | Due in one year or less | Due after one year through five years | Due after five years through 10 years | Due after 10 years(c) | Total | ||||||||||||||||||
| Available-for-sale securities | |||||||||||||||||||||||
| Mortgage-backed securities | |||||||||||||||||||||||
| Amortized cost | $ | 3 | $ | 6,666 | $ | 4,501 | $ | 79,616 | $ | 90,786 | |||||||||||||
| Fair value | 3 | 6,674 | 4,557 | 78,295 | 89,529 | ||||||||||||||||||
Average yield(a) | 4.65 | % | 4.80 | % | 5.54 | % | 4.91 | % | 4.94 | % | |||||||||||||
| U.S. Treasury and government agencies | |||||||||||||||||||||||
| Amortized cost | $ | — | $ | 124,332 | $ | 39,682 | $ | 6,975 | $ | 170,989 | |||||||||||||
| Fair value | — | 125,501 | 39,785 | 6,896 | 172,182 | ||||||||||||||||||
Average yield(a) | — | % | 4.90 | % | 5.40 | % | 5.79 | % | 5.05 | % | |||||||||||||
| Obligations of U.S. states and municipalities | |||||||||||||||||||||||
| Amortized cost | $ | 9 | $ | 14 | $ | 66 | $ | 18,023 | $ | 18,112 | |||||||||||||
| Fair value | 9 | 13 | 66 | 18,117 | 18,205 | ||||||||||||||||||
Average yield(a) | 1.47 | % | 3.19 | % | 4.25 | % | 5.82 | % | 5.81 | % | |||||||||||||
| Non-U.S. government debt securities | |||||||||||||||||||||||
| Amortized cost | $ | 19,745 | $ | 10,621 | $ | 6,796 | $ | 5,465 | $ | 42,627 | |||||||||||||
| Fair value | 19,753 | 10,615 | 6,685 | 5,500 | 42,553 | ||||||||||||||||||
Average yield(a) | 4.64 | % | 4.45 | % | 2.85 | % | 3.86 | % | 4.21 | % | |||||||||||||
| Corporate debt securities | |||||||||||||||||||||||
| Amortized cost | $ | 108 | $ | 9 | $ | 5 | $ | — | $ | 122 | |||||||||||||
| Fair value | 47 | 9 | 5 | — | 61 | ||||||||||||||||||
Average yield(a) | 13.80 | % | 4.06 | % | 4.19 | % | — | % | 12.70 | % | |||||||||||||
| Asset-backed securities | |||||||||||||||||||||||
| Amortized cost | $ | 5 | $ | 342 | $ | 2,248 | $ | 9,378 | $ | 11,973 | |||||||||||||
| Fair value | 5 | 343 | 2,259 | 9,411 | 12,018 | ||||||||||||||||||
Average yield(a) | 6.16 | % | 5.91 | % | 6.36 | % | 6.51 | % | 6.47 | % | |||||||||||||
| Total available-for-sale securities | |||||||||||||||||||||||
Amortized cost(b) | $ | 19,870 | $ | 141,984 | $ | 53,298 | $ | 119,457 | $ | 334,609 | |||||||||||||
| Fair value | 19,817 | 143,155 | 53,357 | 118,219 | 334,548 | ||||||||||||||||||
Average yield(a) | 4.69 | % | 4.86 | % | 5.12 | % | 5.18 | % | 5.02 | % | |||||||||||||
| Held-to-maturity securities | |||||||||||||||||||||||
| Mortgage-backed securities | |||||||||||||||||||||||
| Amortized cost | $ | — | $ | 7,383 | $ | 6,988 | $ | 103,255 | $ | 117,626 | |||||||||||||
| Fair value | — | 7,034 | 6,387 | 93,614 | 107,035 | ||||||||||||||||||
Average yield(a) | — | % | 2.63 | % | 2.61 | % | 2.99 | % | 2.94 | % | |||||||||||||
| U.S. Treasury and government agencies | |||||||||||||||||||||||
| Amortized cost | $ | 18,840 | $ | 56,638 | $ | 48,026 | $ | — | $ | 123,504 | |||||||||||||
| Fair value | 18,652 | 53,670 | 41,839 | — | 114,161 | ||||||||||||||||||
Average yield(a) | 0.84 | % | 0.99 | % | 1.25 | % | — | % | 1.07 | % | |||||||||||||
| Obligations of U.S. states and municipalities | |||||||||||||||||||||||
| Amortized cost | $ | — | $ | — | $ | 304 | $ | 9,145 | $ | 9,449 | |||||||||||||
| Fair value | — | — | 278 | 8,660 | 8,938 | ||||||||||||||||||
Average yield(a) | — | % | — | % | 3.29 | % | 3.94 | % | 3.92 | % | |||||||||||||
| Asset-backed securities | |||||||||||||||||||||||
| Amortized cost | $ | — | $ | 125 | $ | 20,626 | $ | 28,747 | $ | 49,498 | |||||||||||||
| Fair value | — | 125 | 20,645 | 28,737 | 49,507 | ||||||||||||||||||
Average yield(a) | — | % | 6.52 | % | 6.05 | % | 6.51 | % | 6.32 | % | |||||||||||||
| Total held-to-maturity securities | |||||||||||||||||||||||
Amortized cost(b) | $ | 18,840 | $ | 64,146 | $ | 75,944 | $ | 141,147 | $ | 300,077 | |||||||||||||
| Fair value | 18,652 | 60,829 | 69,149 | 131,011 | 279,641 | ||||||||||||||||||
Average yield(a) | 0.84 | % | 1.19 | % | 2.69 | % | 3.77 | % | 2.76 | % | |||||||||||||
| September 30, 2024 | ||||||||||||||||||||
| (in millions) | Gross amounts | Amounts netted on the Consolidated balance sheets | Amounts presented on the Consolidated balance sheets | Amounts not nettable on the Consolidated balance sheets(b) | Net amounts(c) | |||||||||||||||
Assets | ||||||||||||||||||||
Securities purchased under resale agreements | $ | 695,230 | $ | (304,409) | $ | 390,821 | $ | (376,898) | $ | 13,923 | ||||||||||
Securities borrowed | 305,198 | (52,764) | 252,434 | (191,878) | 60,556 | |||||||||||||||
Liabilities | ||||||||||||||||||||
| Securities sold under repurchase agreements | $ | 688,549 | $ | (304,409) | $ | 384,140 | $ | (339,430) | $ | 44,710 | ||||||||||
Securities loaned and other(a) | 63,109 | (52,764) | 10,345 | (10,230) | 115 | |||||||||||||||
| December 31, 2023 | ||||||||||||||||||||
| (in millions) | Gross amounts | Amounts netted on the Consolidated balance sheets | Amounts presented on the Consolidated balance sheets | Amounts not nettable on the Consolidated balance sheets(b) | Net amounts(c) | |||||||||||||||
Assets | ||||||||||||||||||||
Securities purchased under resale agreements | $ | 523,308 | $ | (247,181) | $ | 276,127 | $ | (267,582) | $ | 8,545 | ||||||||||
Securities borrowed | 244,046 | (43,610) | 200,436 | (144,543) | 55,893 | |||||||||||||||
Liabilities | ||||||||||||||||||||
| Securities sold under repurchase agreements | $ | 459,985 | $ | (247,181) | $ | 212,804 | $ | (182,011) | $ | 30,793 | ||||||||||
Securities loaned and other(a) | 52,142 | (43,610) | 8,532 | (8,501) | 31 | |||||||||||||||
| Gross liability balance | |||||||||||||||||||||||
| September 30, 2024 | December 31, 2023 | ||||||||||||||||||||||
| (in millions) | Securities sold under repurchase agreements | Securities loaned and other | Securities sold under repurchase agreements | Securities loaned and other | |||||||||||||||||||
| Mortgage-backed securities | |||||||||||||||||||||||
| U.S. GSEs and government agencies | $ | 85,012 | $ | — | $ | 71,064 | $ | — | |||||||||||||||
| Residential - nonagency | 2,487 | — | 2,292 | — | |||||||||||||||||||
| Commercial - nonagency | 2,142 | — | 2,669 | — | |||||||||||||||||||
| U.S. Treasury, GSEs and government agencies | 343,191 | 651 | 216,467 | 1,034 | |||||||||||||||||||
| Obligations of U.S. states and municipalities | 2,061 | — | 2,323 | — | |||||||||||||||||||
| Non-U.S. government debt | 156,594 | 1,251 | 97,400 | 1,455 | |||||||||||||||||||
| Corporate debt securities | 49,049 | 1,785 | 39,247 | 2,025 | |||||||||||||||||||
| Asset-backed securities | 4,352 | — | 2,703 | — | |||||||||||||||||||
| Equity securities | 43,661 | 59,422 | 25,820 | 47,628 | |||||||||||||||||||
Total | $ | 688,549 | $ | 63,109 | $ | 459,985 | $ | 52,142 | |||||||||||||||
| Remaining contractual maturity of the agreements | |||||||||||||||||||||||||||||
| Overnight and continuous | Greater than 90 days | ||||||||||||||||||||||||||||
| September 30, 2024 (in millions) | Up to 30 days | 30 – 90 days | Total | ||||||||||||||||||||||||||
| Total securities sold under repurchase agreements | $ | 344,955 | $ | 206,101 | $ | 35,302 | $ | 102,191 | $ | 688,549 | |||||||||||||||||||
| Total securities loaned and other | 59,993 | — | 6 | 3,110 | 63,109 | ||||||||||||||||||||||||
| Remaining contractual maturity of the agreements | |||||||||||||||||||||||||||||
| Overnight and continuous | Greater than 90 days | ||||||||||||||||||||||||||||
| December 31, 2023 (in millions) | Up to 30 days | 30 – 90 days | Total | ||||||||||||||||||||||||||
| Total securities sold under repurchase agreements | $ | 259,048 | $ | 102,941 | $ | 20,960 | $ | 77,036 | $ | 459,985 | |||||||||||||||||||
| Total securities loaned and other | 49,610 | 1,544 | — | 988 | 52,142 | ||||||||||||||||||||||||
| Consumer, excluding credit card | Credit card | Wholesale(c)(d) | ||||||||||||
• Residential real estate(a) • Auto and other(b) | • Credit card loans | • Secured by real estate • Commercial and industrial • Other(e) | ||||||||||||
| September 30, 2024 | Consumer, excluding credit card | Credit card | Wholesale | Total(a)(b) | |||||||||||||||||||
| (in millions) | |||||||||||||||||||||||
| Retained | $ | 377,938 | $ | 219,542 | $ | 687,890 | $ | 1,285,370 | |||||||||||||||
| Held-for-sale | 1,101 | — | 11,403 | 12,504 | |||||||||||||||||||
| At fair value | 15,906 | — | 26,231 | 42,137 | |||||||||||||||||||
| Total | $ | 394,945 | $ | 219,542 | $ | 725,524 | $ | 1,340,011 | |||||||||||||||
| December 31, 2023 | Consumer, excluding credit card | Credit card | Wholesale | Total(a)(b) | |||||||||||||||||||
| (in millions) | |||||||||||||||||||||||
| Retained | $ | 397,275 | $ | 211,123 | $ | 672,472 | $ | 1,280,870 | |||||||||||||||
| Held-for-sale | 487 | — | 3,498 | 3,985 | |||||||||||||||||||
| At fair value | 12,331 | — | 26,520 | 38,851 | |||||||||||||||||||
| Total | $ | 410,093 | $ | 211,123 | $ | 702,490 | $ | 1,323,706 | |||||||||||||||
| 2024 | 2023 | |||||||||||||||||||||||||||||||||||||
| Three months ended September 30, (in millions) | Consumer, excluding credit card | Credit card | Wholesale | Total | Consumer, excluding credit card | Credit card | Wholesale | Total | ||||||||||||||||||||||||||||||
| Purchases | $ | 180 | (b)(c) | $ | — | $ | 668 | $ | 848 | $ | 62 | (b)(c) | $ | — | $ | 539 | $ | 601 | ||||||||||||||||||||
| Sales | 2,474 | — | 10,488 | 12,962 | 1,318 | — | 13,076 | 14,394 | ||||||||||||||||||||||||||||||
Retained loans reclassified to held-for-sale(a) | 330 | — | 131 | 461 | 33 | — | 194 | 227 | ||||||||||||||||||||||||||||||
| 2024 | 2023 | |||||||||||||||||||||||||||||||||||||
| Nine months ended September 30, (in millions) | Consumer, excluding credit card | Credit card | Wholesale | Total | Consumer, excluding credit card | Credit card | Wholesale | Total | ||||||||||||||||||||||||||||||
| Purchases | $ | 536 | (b)(c) | $ | — | $ | 1,022 | $ | 1,558 | $ | 92,143 | (b)(c)(d) | $ | — | $ | 59,100 | (d) | $ | 151,243 | |||||||||||||||||||
| Sales | 10,440 | — | 31,024 | 41,464 | 1,756 | — | 31,956 | 33,712 | ||||||||||||||||||||||||||||||
Retained loans reclassified to held-for-sale(a) | 1,499 | — | 679 | 2,178 | 157 | — | 1,279 | 1,436 | ||||||||||||||||||||||||||||||
| (in millions) | September 30, 2024 | December 31, 2023 | |||||||||
| Residential real estate | $ | 311,338 | $ | 326,409 | |||||||
| Auto and other | 66,600 | 70,866 | |||||||||
| Total retained loans | $ | 377,938 | $ | 397,275 | |||||||
| (in millions, except ratios) | September 30, 2024 | ||||||||||||||||||||||||||||||||||
Term loans by origination year(c) | Revolving loans | Total | |||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Within the revolving period | Converted to term loans | ||||||||||||||||||||||||||||
Loan delinquency(a) | |||||||||||||||||||||||||||||||||||
Current | $ | 8,330 | $ | 18,007 | $ | 62,087 | $ | 80,903 | $ | 53,025 | $ | 72,660 | $ | 6,776 | $ | 7,331 | $ | 309,119 | |||||||||||||||||
30–149 days past due | 2 | 18 | 155 | 114 | 53 | 749 | 59 | 199 | 1,349 | ||||||||||||||||||||||||||
150 or more days past due | — | 5 | 62 | 56 | 43 | 551 | 8 | 145 | 870 | ||||||||||||||||||||||||||
Total retained loans | $ | 8,332 | $ | 18,030 | $ | 62,304 | $ | 81,073 | $ | 53,121 | $ | 73,960 | $ | 6,843 | $ | 7,675 | $ | 311,338 | |||||||||||||||||
% of 30+ days past due to total retained loans(b) | 0.02 | % | 0.13 | % | 0.35 | % | 0.21 | % | 0.18 | % | 1.74 | % | 0.98 | % | 4.48 | % | 0.71 | % | |||||||||||||||||
| Gross charge-offs | $ | — | $ | — | $ | 1 | $ | 1 | $ | — | $ | 149 | $ | 14 | $ | 4 | $ | 169 | |||||||||||||||||
| (in millions, except ratios) | December 31, 2023 | ||||||||||||||||||||||||||||||||||
Term loans by origination year(c) | Revolving loans | Total | |||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Within the revolving period | Converted to term loans | ||||||||||||||||||||||||||||
Loan delinquency(a) | |||||||||||||||||||||||||||||||||||
| Current | $ | 23,216 | $ | 64,366 | $ | 84,496 | $ | 55,546 | $ | 21,530 | $ | 59,563 | $ | 7,479 | $ | 8,151 | $ | 324,347 | |||||||||||||||||
30–149 days past due | 33 | 74 | 89 | 70 | 41 | 801 | 49 | 223 | 1,380 | ||||||||||||||||||||||||||
150 or more days past due | 1 | 10 | 17 | 8 | 21 | 456 | 5 | 164 | 682 | ||||||||||||||||||||||||||
Total retained loans | $ | 23,250 | $ | 64,450 | $ | 84,602 | $ | 55,624 | $ | 21,592 | $ | 60,820 | $ | 7,533 | $ | 8,538 | $ | 326,409 | |||||||||||||||||
% of 30+ days past due to total retained loans(b) | 0.15 | % | 0.13 | % | 0.13 | % | 0.14 | % | 0.29 | % | 2.04 | % | 0.72 | % | 4.53 | % | 0.63 | % | |||||||||||||||||
Gross charge-offs | $ | — | $ | — | $ | — | $ | — | $ | 4 | $ | 167 | $ | 26 | $ | 7 | $ | 204 | |||||||||||||||||
| (in millions, except weighted-average data) | September 30, 2024 | December 31, 2023 | |||||||||
Nonaccrual loans(a)(b)(c)(d) | $ | 3,083 | $ | 3,466 | |||||||
Current estimated LTV ratios(e)(f)(g) | |||||||||||
Greater than 125% and refreshed FICO scores: | |||||||||||
| Equal to or greater than 660 | $ | 72 | $ | 72 | |||||||
| Less than 660 | — | — | |||||||||
101% to 125% and refreshed FICO scores: | |||||||||||
| Equal to or greater than 660 | 146 | 223 | |||||||||
| Less than 660 | 5 | 4 | |||||||||
80% to 100% and refreshed FICO scores: | |||||||||||
| Equal to or greater than 660 | 4,949 | 6,491 | |||||||||
| Less than 660 | 75 | 102 | |||||||||
Less than 80% and refreshed FICO scores: | |||||||||||
| Equal to or greater than 660 | 296,443 | 309,251 | |||||||||
| Less than 660 | 8,818 | 9,277 | |||||||||
No FICO/LTV available(h) | 830 | 989 | |||||||||
Total retained loans | $ | 311,338 | $ | 326,409 | |||||||
Weighted-average LTV ratio(e)(i) | 47 | % | 49 | % | |||||||
Weighted-average FICO(f)(i) | 774 | 770 | |||||||||
Geographic region(h)(j) | |||||||||||
| California | $ | 121,688 | $ | 127,072 | |||||||
| New York | 47,198 | 48,815 | |||||||||
| Florida | 21,834 | 22,778 | |||||||||
| Texas | 14,638 | 15,506 | |||||||||
| Massachusetts | 13,619 | 14,213 | |||||||||
| Colorado | 10,450 | 10,800 | |||||||||
| Illinois | 10,033 | 10,856 | |||||||||
| Washington | 9,415 | 9,923 | |||||||||
| New Jersey | 7,609 | 8,050 | |||||||||
| Connecticut | 6,879 | 7,163 | |||||||||
| All other | 47,975 | 51,233 | |||||||||
Total retained loans | $ | 311,338 | $ | 326,409 | |||||||
(in millions) | Amortized cost basis | |||||||
| Twelve months ended Sep 30, | Nine months ended Sep 30, | |||||||
| 2024 | 2023 | |||||||
Current | $ | 143 | $ | 90 | ||||
30-149 days past due | 45 | 13 | ||||||
150 or more days past due | 23 | 7 | ||||||
| Total | $ | 211 | $ | 110 | ||||
| September 30, 2024 | ||||||||||||||||||||||||||||||||
(in millions, except ratios) | Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Within the revolving period | Converted to term loans | Total | ||||||||||||||||||||||||
| Loan delinquency | ||||||||||||||||||||||||||||||||
Current | $ | 20,542 | $ | 17,877 | $ | 10,524 | $ | 8,347 | $ | 3,703 | $ | 903 | $ | 3,531 | $ | 131 | $ | 65,558 | ||||||||||||||
| 30–119 days past due | 151 | 258 | 250 | 187 | 55 | 29 | 33 | 34 | 997 | |||||||||||||||||||||||
| 120 or more days past due | 1 | 1 | — | 4 | 7 | 1 | 1 | 30 | 45 | |||||||||||||||||||||||
| Total retained loans | $ | 20,694 | $ | 18,136 | $ | 10,774 | $ | 8,538 | $ | 3,765 | $ | 933 | $ | 3,565 | $ | 195 | $ | 66,600 | ||||||||||||||
% of 30+ days past due to total retained loans | 0.73 | % | 1.43 | % | 2.32 | % | 2.24 | % | 1.65 | % | 3.22 | % | 0.95 | % | 32.82 | % | 1.56 | % | ||||||||||||||
| Gross charge-offs | $ | 169 | $ | 268 | $ | 171 | $ | 96 | $ | 30 | $ | 64 | $ | — | $ | 4 | $ | 802 | ||||||||||||||
| December 31, 2023 | ||||||||||||||||||||||||||||||||
(in millions, except ratios) | Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Within the revolving period | Converted to term loans | Total | ||||||||||||||||||||||||
| Loan delinquency | ||||||||||||||||||||||||||||||||
Current | $ | 30,328 | $ | 14,797 | $ | 12,825 | $ | 6,538 | $ | 1,777 | $ | 511 | $ | 2,984 | $ | 102 | $ | 69,862 | ||||||||||||||
| 30–119 days past due | 276 | 279 | 231 | 78 | 43 | 17 | 19 | 24 | 967 | |||||||||||||||||||||||
| 120 or more days past due | 1 | 1 | 7 | 8 | — | — | 3 | 17 | 37 | |||||||||||||||||||||||
| Total retained loans | $ | 30,605 | $ | 15,077 | $ | 13,063 | $ | 6,624 | $ | 1,820 | $ | 528 | $ | 3,006 | $ | 143 | $ | 70,866 | ||||||||||||||
% of 30+ days past due to total retained loans | 0.91 | % | 1.86 | % | 1.75 | % | 1.15 | % | 2.36 | % | 3.22 | % | 0.73 | % | 28.67 | % | 1.39 | % | ||||||||||||||
| Gross charge-offs | $ | 333 | $ | 297 | $ | 161 | $ | 53 | $ | 35 | $ | 64 | $ | — | $ | 4 | $ | 947 | ||||||||||||||
| (in millions) | Total Auto and other | |||||||
| September 30, 2024 | December 31, 2023 | |||||||
Nonaccrual loans(a)(b) | $ | 233 | $ | 177 | ||||
Geographic region(c) | ||||||||
| California | $ | 10,281 | $ | 10,959 | ||||
| Texas | 7,738 | 8,502 | ||||||
| Florida | 5,391 | 5,684 | ||||||
| New York | 4,892 | 4,938 | ||||||
| Illinois | 2,903 | 3,147 | ||||||
| New Jersey | 2,475 | 2,609 | ||||||
| Pennsylvania | 1,983 | 1,900 | ||||||
| Georgia | 1,725 | 1,912 | ||||||
| Arizona | 1,635 | 1,779 | ||||||
| North Carolina | 1,593 | 1,714 | ||||||
| All other | 25,984 | 27,722 | ||||||
| Total retained loans | $ | 66,600 | $ | 70,866 | ||||
(in millions, except ratios) | September 30, 2024 | ||||||||||
| Within the revolving period | Converted to term loans | Total | |||||||||
Loan delinquency | |||||||||||
| Current and less than 30 days past due and still accruing | $ | 213,537 | $ | 1,181 | $ | 214,718 | |||||
30–89 days past due and still accruing | 2,305 | 103 | 2,408 | ||||||||
90 or more days past due and still accruing | 2,364 | 52 | 2,416 | ||||||||
| Total retained loans | $ | 218,206 | $ | 1,336 | $ | 219,542 | |||||
| Loan delinquency ratios | |||||||||||
% of 30+ days past due to total retained loans | 2.14 | % | 11.60 | % | 2.20 | % | |||||
% of 90+ days past due to total retained loans | 1.08 | 3.89 | 1.10 | ||||||||
| Gross charge-offs | $ | 5,868 | $ | 176 | $ | 6,044 | |||||
(in millions, except ratios) | December 31, 2023 | ||||||||||
| Within the revolving period | Converted to term loans | Total | |||||||||
Loan delinquency | |||||||||||
| Current and less than 30 days past due and still accruing | $ | 205,731 | $ | 882 | $ | 206,613 | |||||
30–89 days past due and still accruing | 2,217 | 84 | 2,301 | ||||||||
90 or more days past due and still accruing | 2,169 | 40 | 2,209 | ||||||||
| Total retained loans | $ | 210,117 | $ | 1,006 | $ | 211,123 | |||||
| Loan delinquency ratios | |||||||||||
% of 30+ days past due to total retained loans | 2.09 | % | 12.33 | % | 2.14 | % | |||||
% of 90+ days past due to total retained loans | 1.03 | 3.98 | 1.05 | ||||||||
| Gross charge-offs | $ | 5,325 | $ | 166 | $ | 5,491 | |||||
| (in millions, except ratios) | September 30, 2024 | December 31, 2023 | ||||||
Geographic region(a) | ||||||||
| California | $ | 34,251 | $ | 32,652 | ||||
| Texas | 23,119 | 22,086 | ||||||
| New York | 17,751 | 16,915 | ||||||
| Florida | 16,029 | 15,103 | ||||||
| Illinois | 11,817 | 11,364 | ||||||
| New Jersey | 9,152 | 8,688 | ||||||
| Colorado | 6,673 | 6,307 | ||||||
| Ohio | 6,533 | 6,424 | ||||||
| Pennsylvania | 6,150 | 6,088 | ||||||
| Arizona | 5,469 | 5,209 | ||||||
| All other | 82,598 | 80,287 | ||||||
| Total retained loans | $ | 219,542 | $ | 211,123 | ||||
Percentage of portfolio based on carrying value with estimated refreshed FICO scores | ||||||||
| Equal to or greater than 660 | 85.1 | % | 85.8 | % | ||||
| Less than 660 | 14.7 | 14.0 | ||||||
| No FICO available | 0.2 | 0.2 | ||||||
| Loan modifications | ||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | ||||||||||
Term extension and interest rate reduction(a)(b) | ||||||||||||||
| Amortized cost basis | $ | 272 | $ | 197 | $ | 714 | $ | 489 | ||||||
| % of total modifications to total retained credit card loans | 0.12 | % | 0.10 | % | 0.33 | % | 0.25 | % | ||||||
| Financial effect of loan modifications | Term extension with a reduction in the weighted average contractual interest rate from 23.77% to 3.03% | Term extension with a reduction in the weighted average contractual interest rate from 23.48% to 3.67% | Term extension with a reduction in the weighted average contractual interest rate from 23.89% to 3.12% | Term extension with a reduction in the weighted average contractual interest rate from 23.15% to 3.58% | ||||||||||
(in millions) | Amortized cost basis | |||||||
| Twelve months ended Sep 30, | Nine months ended Sep 30, | |||||||
| 2024 | 2023 | |||||||
| Current and less than 30 days past due and still accruing | $ | 757 | $ | 414 | ||||
| 30-89 days past due and still accruing | 70 | 47 | ||||||
| 90 or more days past due and still accruing | 41 | 28 | ||||||
| Total | $ | 868 | $ | 489 | ||||
| Secured by real estate | Commercial and industrial | Other(a) | Total retained loans | ||||||||||||||||||||||||||||||||
| (in millions, except ratios) | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
Investment-grade | $ | 115,015 | $ | 120,405 | $ | 67,984 | $ | 72,624 | $ | 284,007 | $ | 265,809 | $ | 467,006 | $ | 458,838 | |||||||||||||||||||
Noninvestment-grade: | |||||||||||||||||||||||||||||||||||
Noncriticized | 37,383 | 34,241 | 83,494 | 80,637 | 73,998 | 75,178 | 194,875 | 190,056 | |||||||||||||||||||||||||||
Criticized performing | 10,019 | 7,291 | 11,037 | 12,684 | 1,436 | 1,257 | 22,492 | 21,232 | |||||||||||||||||||||||||||
| Criticized nonaccrual | 974 | 401 | 1,733 | 1,221 | 810 | 724 | 3,517 | 2,346 | |||||||||||||||||||||||||||
| Total noninvestment-grade | 48,376 | 41,933 | 96,264 | 94,542 | 76,244 | 77,159 | 220,884 | 213,634 | |||||||||||||||||||||||||||
Total retained loans | $ | 163,391 | $ | 162,338 | $ | 164,248 | $ | 167,166 | $ | 360,251 | $ | 342,968 | $ | 687,890 | $ | 672,472 | |||||||||||||||||||
% of investment-grade to total retained loans | 70.39 | % | 74.17 | % | 41.39 | % | 43.44 | % | 78.84 | % | 77.50 | % | 67.89 | % | 68.23 | % | |||||||||||||||||||
% of total criticized to total retained loans | 6.73 | 4.74 | 7.77 | 8.32 | 0.62 | 0.58 | 3.78 | 3.51 | |||||||||||||||||||||||||||
% of criticized nonaccrual to total retained loans | 0.60 | 0.25 | 1.06 | 0.73 | 0.22 | 0.21 | 0.51 | 0.35 | |||||||||||||||||||||||||||
| Secured by real estate | |||||||||||||||||||||||||||||||||||
(in millions) | September 30, 2024 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 6,541 | $ | 10,199 | $ | 26,053 | $ | 23,430 | $ | 15,870 | $ | 31,522 | $ | 1,400 | $ | — | $ | 115,015 | |||||||||||||||||
| Noninvestment-grade | 3,500 | 5,049 | 14,562 | 8,866 | 3,679 | 11,260 | 1,459 | 1 | 48,376 | ||||||||||||||||||||||||||
Total retained loans | $ | 10,041 | $ | 15,248 | $ | 40,615 | $ | 32,296 | $ | 19,549 | $ | 42,782 | $ | 2,859 | $ | 1 | $ | 163,391 | |||||||||||||||||
| Gross charge-offs | $ | — | $ | 18 | $ | 37 | $ | — | $ | 33 | $ | 51 | $ | — | $ | — | $ | 139 | |||||||||||||||||
| Secured by real estate | |||||||||||||||||||||||||||||||||||
(in millions) | December 31, 2023 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 10,687 | $ | 28,874 | $ | 25,784 | $ | 16,820 | $ | 15,677 | $ | 21,108 | $ | 1,455 | $ | — | $ | 120,405 | |||||||||||||||||
| Noninvestment-grade | 4,477 | 12,579 | 7,839 | 3,840 | 3,987 | 7,918 | 1,291 | 2 | 41,933 | ||||||||||||||||||||||||||
| Total retained loans | $ | 15,164 | $ | 41,453 | $ | 33,623 | $ | 20,660 | $ | 19,664 | $ | 29,026 | $ | 2,746 | $ | 2 | $ | 162,338 | |||||||||||||||||
| Gross charge-offs | $ | 20 | $ | 48 | $ | 22 | $ | — | $ | 23 | $ | 78 | $ | — | $ | 1 | $ | 192 | |||||||||||||||||
| Commercial and industrial | |||||||||||||||||||||||||||||||||||
(in millions) | September 30, 2024 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 9,200 | $ | 6,762 | $ | 7,165 | $ | 3,066 | $ | 1,362 | $ | 1,480 | $ | 38,948 | $ | 1 | $ | 67,984 | |||||||||||||||||
| Noninvestment-grade | 15,595 | 12,733 | 12,467 | 6,776 | 895 | 1,240 | 46,491 | 67 | 96,264 | ||||||||||||||||||||||||||
Total retained loans | $ | 24,795 | $ | 19,495 | $ | 19,632 | $ | 9,842 | $ | 2,257 | $ | 2,720 | $ | 85,439 | $ | 68 | $ | 164,248 | |||||||||||||||||
| Gross charge-offs | $ | 19 | $ | 4 | $ | 116 | $ | 24 | $ | 1 | $ | 5 | $ | 190 | $ | 3 | $ | 362 | |||||||||||||||||
| Commercial and industrial | |||||||||||||||||||||||||||||||||||
(in millions) | December 31, 2023 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 14,875 | $ | 10,642 | $ | 4,276 | $ | 2,291 | $ | 1,030 | $ | 1,115 | $ | 38,394 | $ | 1 | $ | 72,624 | |||||||||||||||||
| Noninvestment-grade | 18,890 | 16,444 | 9,299 | 1,989 | 1,144 | 1,006 | 45,696 | 74 | 94,542 | ||||||||||||||||||||||||||
Total retained loans | $ | 33,765 | $ | 27,086 | $ | 13,575 | $ | 4,280 | $ | 2,174 | $ | 2,121 | $ | 84,090 | $ | 75 | $ | 167,166 | |||||||||||||||||
| Gross charge-offs | $ | 25 | $ | 8 | $ | 110 | $ | 55 | $ | 2 | $ | 12 | $ | 259 | $ | 8 | $ | 479 | |||||||||||||||||
Other(a) | |||||||||||||||||||||||||||||||||||
(in millions) | September 30, 2024 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 25,069 | $ | 21,517 | $ | 15,270 | $ | 7,455 | $ | 9,325 | $ | 7,838 | $ | 195,968 | $ | 1,565 | $ | 284,007 | |||||||||||||||||
| Noninvestment-grade | 10,098 | 7,120 | 5,658 | 4,196 | 1,742 | 2,302 | 44,890 | 238 | 76,244 | ||||||||||||||||||||||||||
Total retained loans | $ | 35,167 | $ | 28,637 | $ | 20,928 | $ | 11,651 | $ | 11,067 | $ | 10,140 | $ | 240,858 | $ | 1,803 | $ | 360,251 | |||||||||||||||||
| Gross charge-offs | $ | — | $ | 38 | $ | 2 | $ | 26 | $ | 41 | $ | 50 | $ | 1 | $ | — | $ | 158 | |||||||||||||||||
Other(a) | |||||||||||||||||||||||||||||||||||
(in millions) | December 31, 2023 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
| Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 38,338 | $ | 18,034 | $ | 10,033 | $ | 10,099 | $ | 3,721 | $ | 6,662 | $ | 176,728 | $ | 2,194 | $ | 265,809 | |||||||||||||||||
| Noninvestment-grade | 14,054 | 8,092 | 6,169 | 2,172 | 811 | 2,001 | 43,801 | 59 | 77,159 | ||||||||||||||||||||||||||
| Total retained loans | $ | 52,392 | $ | 26,126 | $ | 16,202 | $ | 12,271 | $ | 4,532 | $ | 8,663 | $ | 220,529 | $ | 2,253 | $ | 342,968 | |||||||||||||||||
| Gross charge-offs | $ | 5 | $ | 298 | $ | 8 | $ | 8 | $ | — | $ | 8 | $ | 13 | $ | — | $ | 340 | |||||||||||||||||
(in millions, except ratios) | Multifamily | Other commercial | Total retained loans secured by real estate | |||||||||||||||||||||||
| Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | |||||||||||||||||||||
Retained loans secured by real estate | $ | 101,744 | $ | 100,725 | $ | 61,647 | $ | 61,613 | $ | 163,391 | $ | 162,338 | ||||||||||||||
| Criticized | 4,589 | 3,596 | 6,404 | 4,096 | 10,993 | 7,692 | ||||||||||||||||||||
| % of criticized to total retained loans secured by real estate | 4.51 | % | 3.57 | % | 10.39 | % | 6.65 | % | 6.73 | % | 4.74 | % | ||||||||||||||
| Criticized nonaccrual | $ | 205 | $ | 76 | $ | 769 | $ | 325 | $ | 974 | $ | 401 | ||||||||||||||
% of criticized nonaccrual loans to total retained loans secured by real estate | 0.20 | % | 0.08 | % | 1.25 | % | 0.53 | % | 0.60 | % | 0.25 | % | ||||||||||||||
| Secured by real estate | Commercial and industrial | Other | Total retained loans | ||||||||||||||||||||||||||||||||
| (in millions) | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | |||||||||||||||||||||||||||
Loans by geographic distribution(a) | |||||||||||||||||||||||||||||||||||
| Total U.S. | $ | 160,217 | $ | 159,499 | $ | 125,103 | $ | 127,638 | $ | 274,350 | $ | 262,499 | $ | 559,670 | $ | 549,636 | |||||||||||||||||||
| Total non-U.S. | 3,174 | 2,839 | 39,145 | 39,528 | 85,901 | 80,469 | 128,220 | 122,836 | |||||||||||||||||||||||||||
| Total retained loans | $ | 163,391 | $ | 162,338 | $ | 164,248 | $ | 167,166 | $ | 360,251 | $ | 342,968 | $ | 687,890 | $ | 672,472 | |||||||||||||||||||
| Loan delinquency | |||||||||||||||||||||||||||||||||||
Current and less than 30 days past due and still accruing | $ | 161,784 | $ | 161,314 | $ | 161,815 | $ | 164,899 | $ | 357,947 | $ | 341,128 | $ | 681,546 | $ | 667,341 | |||||||||||||||||||
30–89 days past due and still accruing | 392 | 473 | 635 | 884 | 1,382 | 1,090 | 2,409 | 2,447 | |||||||||||||||||||||||||||
90 or more days past due and still accruing(b) | 241 | 150 | 65 | 162 | 112 | 26 | 418 | 338 | |||||||||||||||||||||||||||
| Criticized nonaccrual | 974 | 401 | 1,733 | 1,221 | 810 | 724 | 3,517 | 2,346 | |||||||||||||||||||||||||||
| Total retained loans | $ | 163,391 | $ | 162,338 | $ | 164,248 | $ | 167,166 | $ | 360,251 | $ | 342,968 | $ | 687,890 | $ | 672,472 | |||||||||||||||||||
| (in millions) | Secured by real estate | Commercial and industrial | Other | Total retained loans | |||||||||||||||||||||||||||||||
| Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | ||||||||||||||||||||||||||||
| Nonaccrual loans | |||||||||||||||||||||||||||||||||||
| With an allowance | $ | 128 | $ | 129 | $ | 1,317 | $ | 776 | $ | 477 | $ | 492 | $ | 1,922 | $ | 1,397 | |||||||||||||||||||
Without an allowance(a) | 846 | 272 | 416 | 445 | 333 | 232 | 1,595 | 949 | |||||||||||||||||||||||||||
Total nonaccrual loans(b) | $ | 974 | $ | 401 | $ | 1,733 | $ | 1,221 | $ | 810 | $ | 724 | $ | 3,517 | $ | 2,346 | |||||||||||||||||||
Secured by real estate | |||||||||||||||||||||||
| Three months ended September 30, 2024 | Nine months ended September 30, 2024 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 267 | 0.16 | % | Extended loans by a weighted-average of 14 months | $ | 271 | 0.17 | % | Extended loans by a weighted-average of 14 months | |||||||||||||
| Multiple modifications | |||||||||||||||||||||||
Other-than-insignificant payment deferral and interest rate reduction | — | — | 47 | 0.03 | Provided payment deferrals with delayed amounts recaptured at maturity and reduced weighted-average contractual interest by 162 bps | ||||||||||||||||||
Other(a) | 4 | — | NM | 9 | 0.01 | NM | |||||||||||||||||
| Total | $ | 271 | $ | 327 | |||||||||||||||||||
| Secured by real estate | |||||||||||||||||||||||
| Three months ended September 30, 2023 | Nine months ended September 30, 2023 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 60 | 0.04 | % | Extended loans by a weighted-average of 14 months | $ | 112 | 0.07 | % | Extended loans by a weighted-average of 13 months | |||||||||||||
Other(a) | — | — | 13 | — | NM | ||||||||||||||||||
| Total | $ | 60 | $ | 125 | |||||||||||||||||||
| Commercial and industrial | |||||||||||||||||||||||
| Three months ended September 30, 2024 | Nine months ended September 30, 2024 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 443 | 0.27 | % | Extended loans by a weighted-average of 15 months | $ | 880 | 0.54 | % | Extended loans by a weighted-average of 17 months | |||||||||||||
| Other-than-insignificant payment deferral | 215 | 0.13 | Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor | 315 | 0.19 | Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor | |||||||||||||||||
| Multiple modifications | |||||||||||||||||||||||
Other-than-insignificant payment deferral and term extension | 1 | — | Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 23 months | 127 | 0.08 | Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period and extended loans by a weighted-average of 22 months | |||||||||||||||||
Other(a) | 5 | — | NM | 26 | 0.02 | NM | |||||||||||||||||
| Total | $ | 664 | $ | 1,348 | |||||||||||||||||||
| Commercial and industrial | |||||||||||||||||||||||
| Three months ended September 30, 2023 | Nine months ended September 30, 2023 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 372 | 0.22 | % | Extended loans by a weighted-average of 21 months | $ | 669 | 0.40 | % | Extended loans by a weighted-average of 19 months | |||||||||||||
| Other-than-insignificant payment deferral | 309 | 0.19 | Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor | 310 | 0.19 | Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor | |||||||||||||||||
| Multiple modifications | |||||||||||||||||||||||
| Other-than-insignificant payment deferral and term extension | 32 | 0.02 | Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 6 months | 32 | 0.02 | Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 6 months | |||||||||||||||||
Other(a) | 2 | — | NM | 17 | 0.01 | NM | |||||||||||||||||
| Total | $ | 715 | $ | 1,028 | |||||||||||||||||||
| Other | |||||||||||||||||||||||
| Three months ended September 30, 2024 | Nine months ended September 30, 2024 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 260 | 0.07 | % | Extended loans by a weighted-average of 30 months | $ | 282 | 0.08 | % | Extended loans by a weighted-average of 29 months | |||||||||||||
Other(a) | — | — | 6 | — | NM | ||||||||||||||||||
| Total | $ | 260 | $ | 288 | |||||||||||||||||||
| Other | |||||||||||||||||||||||
| Three months ended September 30, 2023 | Nine months ended September 30, 2023 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 100 | 0.03 | % | Extended loans by a weighted-average of 27 months | $ | 100 | 0.03 | % | Extended loans by a weighted-average of 30 months | |||||||||||||
| Multiple modifications | |||||||||||||||||||||||
| Interest rate reduction and term extension | 495 | 0.14 | Reduced weighted-average contractual interest by 1,708 bps and extended loans by a weighted-average of 7 months | 495 | 0.14 | Reduced weighted-average contractual interest by 1,708 bps and extended loans by a weighted-average of 7 months | |||||||||||||||||
| Other-than-insignificant payment deferral and term extension | — | — | 233 | 0.07 | Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period and extended loans by a weighted-average of 144 months | ||||||||||||||||||
Other(a) | — | — | 9 | — | NM | ||||||||||||||||||
| Total | $ | 595 | $ | 837 | |||||||||||||||||||
Amortized cost basis | |||||||||||||||||||||||
Twelve months ended September 30, 2024 | Nine months ended September 30, 2023 | ||||||||||||||||||||||
| (in millions) | Secured by real estate | Commercial and industrial | Other | Secured by real estate | Commercial and industrial | Other | |||||||||||||||||
Current and less than 30 days past due and still accruing | $ | 281 | $ | 1,077 | $ | 367 | $ | 117 | $ | 703 | $ | 248 | |||||||||||
| 30-89 days past due and still accruing | 1 | 21 | 9 | — | — | 28 | |||||||||||||||||
| 90 or more days past due and still accruing | — | 4 | — | — | 10 | — | |||||||||||||||||
| Criticized nonaccrual | 64 | 507 | 167 | 8 | 315 | 561 | |||||||||||||||||
| Total | $ | 346 | $ | 1,609 | $ | 543 | $ | 125 | $ | 1,028 | $ | 837 | |||||||||||
Amortized cost basis | |||||||||||||||||||||||
| Three months ended September 30, 2024 | Nine months ended September 30, 2024 | ||||||||||||||||||||||
| (in millions) | Secured by real estate | Commercial and industrial | Other | Secured by real estate | Commercial and industrial | Other | |||||||||||||||||
Term extension | $ | 1 | $ | 80 | $ | 10 | $ | 1 | $ | 88 | $ | 12 | |||||||||||
Other-than-insignificant payment deferral | — | 123 | — | — | 124 | — | |||||||||||||||||
Interest rate reduction and term extension | — | — | — | — | 1 | — | |||||||||||||||||
| Total | $ | 1 | $ | 203 | $ | 10 | $ | 1 | $ | 213 | $ | 12 | |||||||||||
Amortized cost basis | |||||||||||||||||||||||
| Three months ended September 30, 2023 | Nine months ended September 30, 2023 | ||||||||||||||||||||||
| (in millions) | Secured by real estate | Commercial and industrial | Other | Secured by real estate | Commercial and industrial | Other | |||||||||||||||||
Term extension | $ | — | $ | 11 | $ | 32 | $ | 1 | $ | 18 | $ | 32 | |||||||||||
| Interest rate reduction and term extension | — | — | — | 1 | — | — | |||||||||||||||||
| Total | $ | — | $ | 11 | $ | 32 | $ | 2 | $ | 18 | $ | 32 | |||||||||||
2024 | 2023 | ||||||||||||||||||||||||||||
| Nine months ended September 30, (in millions) | Consumer, excluding credit card | Credit card | Wholesale | Total | Consumer, excluding credit card | Credit card | Wholesale | Total | |||||||||||||||||||||
| Beginning balance at January 1, | $ | 1,856 | $ | 12,450 | $ | 8,114 | $ | 22,420 | $ | 2,040 | $ | 11,200 | $ | 6,486 | $ | 19,726 | |||||||||||||
Cumulative effect of a change in accounting principle(a) | NA | NA | NA | NA | (489) | (100) | 2 | (587) | |||||||||||||||||||||
| Gross charge-offs | 971 | 6,044 | 659 | 7,674 | 809 | 3,852 | 435 | 5,096 | |||||||||||||||||||||
| Gross recoveries collected | (490) | (762) | (148) | (1,400) | (388) | (579) | (84) | (1,051) | |||||||||||||||||||||
| Net charge-offs/(recoveries) | 481 | 5,282 | 511 | 6,274 | 421 | 3,273 | 351 | 4,045 | |||||||||||||||||||||
| Provision for loan losses | 360 | 6,932 | 506 | 7,798 | 723 | 4,073 | 2,047 | 6,843 | |||||||||||||||||||||
Other | — | — | 5 | 5 | 1 | — | 8 | 9 | |||||||||||||||||||||
| Ending balance at September 30, | $ | 1,735 | $ | 14,100 | $ | 8,114 | $ | 23,949 | $ | 1,854 | $ | 11,900 | $ | 8,192 | $ | 21,946 | |||||||||||||
Allowance for lending-related commitments | |||||||||||||||||||||||||||||
Beginning balance at January 1, | $ | 75 | $ | — | $ | 1,899 | $ | 1,974 | $ | 76 | $ | — | $ | 2,306 | $ | 2,382 | |||||||||||||
| Provision for lending-related commitments | 6 | — | 162 | 168 | 5 | — | (313) | (308) | |||||||||||||||||||||
Other | — | — | — | — | — | — | 1 | 1 | |||||||||||||||||||||
| Ending balance at September 30, | $ | 81 | $ | — | $ | 2,061 | $ | 2,142 | $ | 81 | $ | — | $ | 1,994 | $ | 2,075 | |||||||||||||
| Total allowance for investment securities | NA | NA | NA | 175 | NA | NA | NA | 117 | |||||||||||||||||||||
Total allowance for credit losses(b) | $ | 1,816 | $ | 14,100 | $ | 10,175 | $ | 26,266 | $ | 1,935 | $ | 11,900 | $ | 10,186 | $ | 24,138 | |||||||||||||
Allowance for loan losses by impairment methodology | |||||||||||||||||||||||||||||
Asset-specific(c) | $ | (756) | $ | — | $ | 499 | $ | (257) | $ | (942) | $ | — | $ | 732 | $ | (210) | |||||||||||||
| Portfolio-based | 2,491 | 14,100 | 7,615 | 24,206 | 2,796 | 11,900 | 7,460 | 22,156 | |||||||||||||||||||||
| Total allowance for loan losses | $ | 1,735 | $ | 14,100 | $ | 8,114 | $ | 23,949 | $ | 1,854 | $ | 11,900 | $ | 8,192 | $ | 21,946 | |||||||||||||
| Loans by impairment methodology | |||||||||||||||||||||||||||||
Asset-specific(c) | $ | 2,784 | $ | — | $ | 3,510 | $ | 6,294 | $ | 3,321 | $ | — | $ | 2,402 | $ | 5,723 | |||||||||||||
| Portfolio-based | 375,154 | 219,542 | 684,380 | 1,279,076 | 393,733 | 196,935 | 669,550 | 1,260,218 | |||||||||||||||||||||
| Total retained loans | $ | 377,938 | $ | 219,542 | $ | 687,890 | $ | 1,285,370 | $ | 397,054 | $ | 196,935 | $ | 671,952 | $ | 1,265,941 | |||||||||||||
Collateral-dependent loans | |||||||||||||||||||||||||||||
| Net charge-offs | $ | 1 | $ | — | $ | 150 | $ | 151 | $ | 4 | $ | — | $ | 127 | $ | 131 | |||||||||||||
Loans measured at fair value of collateral less cost to sell | 2,805 | — | 1,524 | 4,329 | 3,384 | — | 1,074 | 4,458 | |||||||||||||||||||||
Allowance for lending-related commitments by impairment methodology | |||||||||||||||||||||||||||||
Asset-specific | $ | — | $ | — | $ | 93 | $ | 93 | $ | — | $ | — | $ | 61 | $ | 61 | |||||||||||||
Portfolio-based | 81 | — | 1,968 | 2,049 | 81 | — | 1,933 | 2,014 | |||||||||||||||||||||
Total allowance for lending-related commitments(d) | $ | 81 | $ | — | $ | 2,061 | $ | 2,142 | $ | 81 | $ | — | $ | 1,994 | $ | 2,075 | |||||||||||||
Lending-related commitments by impairment methodology | |||||||||||||||||||||||||||||
Asset-specific | $ | — | $ | — | $ | 619 | $ | 619 | $ | — | $ | — | $ | 387 | $ | 387 | |||||||||||||
Portfolio-based(e) | 26,764 | — | 514,313 | 541,077 | 30,245 | — | 514,937 | 545,182 | |||||||||||||||||||||
Total lending-related commitments | $ | 26,764 | $ | — | $ | 514,932 | $ | 541,696 | $ | 30,245 | $ | — | $ | 515,324 | $ | 545,569 | |||||||||||||
| Central case assumptions at September 30, 2024 | |||||||||||
| 4Q24 | 2Q25 | 4Q25 | |||||||||
U.S. unemployment rate(a) | 4.5 | % | 4.6 | % | 4.4 | % | |||||
YoY growth in U.S. real GDP(b) | 1.6 | % | 1.6 | % | 1.9 | % | |||||
| Central case assumptions at December 31, 2023 | |||||||||||
| 2Q24 | 4Q24 | 2Q25 | |||||||||
U.S. unemployment rate(a) | 4.1 | % | 4.4 | % | 4.1 | % | |||||
YoY growth in U.S. real GDP(b) | 1.8 | % | 0.7 | % | 1.0 | % | |||||
| (in millions) | September 30, 2024 | December 31, 2023 | ||||||
| Consumer & Community Banking | $ | 32,116 | $ | 32,116 | ||||
| Commercial & Investment Bank | 11,259 | 11,251 | ||||||
| Asset & Wealth Management | 8,596 | 8,582 | ||||||
| Corporate | 740 | 685 | ||||||
| Total goodwill | $ | 52,711 | $ | 52,634 | ||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | ||||||||||
| Balance at beginning of period | $ | 52,620 | $ | 52,380 | $ | 52,634 | $ | 51,662 | ||||||
Changes during the period from: | ||||||||||||||
Business combinations(a) | — | 166 | 29 | 853 | ||||||||||
Other(b) | 91 | (54) | 48 | (23) | ||||||||||
| Balance at September 30, | $ | 52,711 | $ | 52,492 | $ | 52,711 | $ | 52,492 | ||||||
| As of or for the three months ended September 30, | As of or for the nine months ended September 30, | |||||||||||||||||||||||||
| (in millions, except where otherwise noted) | 2024 | 2023 | 2024 | 2023 | ||||||||||||||||||||||
| Fair value at beginning of period | $ | 8,847 | $ | 8,229 | $ | 8,522 | $ | 7,973 | ||||||||||||||||||
| MSR activity: | ||||||||||||||||||||||||||
| Originations of MSRs | 75 | 81 | 228 | 191 | ||||||||||||||||||||||
Purchase of MSRs(a) | 282 | 569 | 607 | 1,036 | ||||||||||||||||||||||
| Disposition of MSRs | 2 | (101) | (e) | (25) | (e) | (191) | (e) | |||||||||||||||||||
| Net additions/(dispositions) | 359 | 549 | 810 | 1,036 | ||||||||||||||||||||||
Changes due to collection/realization of expected cash flows | (272) | (265) | (795) | (760) | ||||||||||||||||||||||
Changes in valuation due to inputs and assumptions: | ||||||||||||||||||||||||||
Changes due to market interest rates and other(b) | (251) | 555 | 134 | 816 | ||||||||||||||||||||||
Changes in valuation due to other inputs and assumptions: | ||||||||||||||||||||||||||
Projected cash flows (e.g., cost to service) | 95 | (26) | 102 | (24) | ||||||||||||||||||||||
Discount rates | 14 | 14 | 14 | 14 | ||||||||||||||||||||||
Prepayment model changes and other(c) | (39) | 53 | (34) | 54 | ||||||||||||||||||||||
| Total changes in valuation due to other inputs and assumptions | 70 | 41 | 82 | 44 | ||||||||||||||||||||||
| Total changes in valuation due to inputs and assumptions | (181) | 596 | 216 | 860 | ||||||||||||||||||||||
| Fair value at September 30, | $ | 8,753 | $ | 9,109 | $ | 8,753 | $ | 9,109 | ||||||||||||||||||
| Changes in unrealized gains/(losses) included in income related to MSRs held at September 30, | $ | (181) | $ | 596 | $ | 216 | $ | 860 | ||||||||||||||||||
Contractual service fees, late fees and other ancillary fees included in income | 396 | 409 | 1,190 | 1,185 | ||||||||||||||||||||||
| Third-party mortgage loans serviced at September 30, (in billions) | 658 | 639 | 658 | 639 | ||||||||||||||||||||||
Servicer advances, net of an allowance for uncollectible amounts, at September 30(d) | 501 | 557 | 501 | 557 | ||||||||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||
| CCB mortgage fees and related income | |||||||||||||||||
| Production revenue | $ | 154 | $ | 162 | $ | 441 | $ | 339 | |||||||||
| Net mortgage servicing revenue: | |||||||||||||||||
| Operating revenue: | |||||||||||||||||
| Loan servicing revenue | 409 | 409 | 1,226 | 1,211 | |||||||||||||
| Changes in MSR asset fair value due to collection/realization of expected cash flows | (273) | (265) | (795) | (760) | |||||||||||||
| Total operating revenue | 136 | 144 | 431 | 451 | |||||||||||||
| Risk management: | |||||||||||||||||
Changes in MSR asset fair value due to market interest rates and other(a) | (251) | 555 | 134 | 816 | |||||||||||||
Other changes in MSR asset fair value due to other inputs and assumptions in model(b) | 70 | 41 | 82 | 44 | |||||||||||||
| Changes in derivative fair value and other | 281 | (485) | (78) | (736) | |||||||||||||
| Total risk management | 100 | 111 | 138 | 124 | |||||||||||||
| Total net mortgage servicing revenue | 236 | 255 | 569 | 575 | |||||||||||||
| Total CCB mortgage fees and related income | 390 | 417 | 1,010 | 914 | |||||||||||||
| All other | 12 | (3) | 15 | (1) | |||||||||||||
| Mortgage fees and related income | $ | 402 | $ | 414 | $ | 1,025 | $ | 913 | |||||||||
| (in millions, except rates) | Sep 30, 2024 | Dec 31, 2023 | ||||||||||||
Weighted-average prepayment speed assumption (constant prepayment rate) | 6.62 | % | 6.29 | % | ||||||||||
Impact on fair value of 10% adverse change | $ | (216) | $ | (206) | ||||||||||
Impact on fair value of 20% adverse change | (420) | (401) | ||||||||||||
Weighted-average option adjusted spread(a) | 6.20 | % | 6.10 | % | ||||||||||
Impact on fair value of a 100 basis point adverse change | $ | (376) | $ | (369) | ||||||||||
Impact on fair value of a 200 basis point adverse change | (721) | (709) | ||||||||||||
| (in millions) | September 30, 2024 | December 31, 2023 | |||||||||
| U.S. offices | |||||||||||
Noninterest-bearing (included $47,974 and $75,393 at fair value)(a) | $ | 611,334 | $ | 643,748 | |||||||
Interest-bearing (included $747 and $573 at fair value)(a) | 1,326,489 | 1,303,100 | |||||||||
| Total deposits in U.S. offices | 1,937,823 | 1,946,848 | |||||||||
| Non-U.S. offices | |||||||||||
Noninterest-bearing (included $2,272 and $1,737 at fair value)(a) | 31,607 | 23,097 | |||||||||
Interest-bearing (included $291 and $681 at fair value)(a) | 461,342 | 430,743 | |||||||||
| Total deposits in non-U.S. offices | 492,949 | 453,840 | |||||||||
| Total deposits | $ | 2,430,772 | $ | 2,400,688 | |||||||
| (in millions) | September 30, 2024 | December 31, 2023 | ||||||||||||
| U.S. offices | $ | 157,672 | $ | 132,654 | ||||||||||
Non-U.S. offices(a) | 96,915 | 90,187 | ||||||||||||
| Total | $ | 254,587 | $ | 222,841 | ||||||||||
| September 30, (in millions) | ||||||||||||||||||||
| U.S. | Non-U.S. | Total | ||||||||||||||||||
| 2025 | $ | 236,165 | $ | 93,643 | $ | 329,808 | ||||||||||||||
| 2026 | 679 | 125 | 804 | |||||||||||||||||
| 2027 | 448 | 7 | 455 | |||||||||||||||||
| 2028 | 120 | 19 | 139 | |||||||||||||||||
| 2029 | 497 | 726 | 1,223 | |||||||||||||||||
| After 5 years | 150 | 123 | 273 | |||||||||||||||||
| Total | $ | 238,059 | $ | 94,643 | $ | 332,702 | ||||||||||||||
| (in millions) | September 30, 2024 | December 31, 2023 | ||||||
| Right-of-use assets | $ | 8,430 | $ | 8,431 | ||||
| Lease liabilities | 8,841 | 8,833 | ||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
(in millions) | 2024 | 2023 | 2024 | 2023 | ||||||||||
| Operating lease income | $ | 706 | $ | 695 | $ | 2,067 | $ | 2,166 | ||||||
| Depreciation expense | 394 | 468 | 1,268 | 1,344 | ||||||||||
| (in millions) | September 30, 2024 | December 31, 2023 | ||||||
| Right-of-use assets | $ | 8,430 | $ | 8,431 | ||||
| Lease liabilities | 8,841 | 8,833 | ||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
(in millions) | 2024 | 2023 | 2024 | 2023 | ||||||||||
| Operating lease income | $ | 706 | $ | 695 | $ | 2,067 | $ | 2,166 | ||||||
| Depreciation expense | 394 | 468 | 1,268 | 1,344 | ||||||||||
Shares(a) | Carrying value (in millions) | Contractual rate in effect at September 30, 2024 | Earliest redemption date(b) | Floating annualized rate(c) | Dividend declared per share | ||||||||||||||||||||||||||||||||||||
| September 30, 2024 | December 31, 2023 | September 30, 2024 | December 31, 2023 | Issue date | Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||||||||||||||||||||||||||||
Fixed-rate: | |||||||||||||||||||||||||||||||||||||||||
Series DD | 169,625 | 169,625 | $ | 1,696 | $ | 1,696 | 9/21/2018 | 5.750 | % | 12/1/2023 | NA | $ | 143.75 | $ | 143.75 | $431.25 | $431.25 | ||||||||||||||||||||||||
Series EE | 185,000 | 185,000 | 1,850 | 1,850 | 1/24/2019 | 6.000 | 3/1/2024 | NA | 150.00 | 150.00 | 450.00 | 450.00 | |||||||||||||||||||||||||||||
Series GG | 90,000 | 90,000 | 900 | 900 | 11/7/2019 | 4.750 | 12/1/2024 | NA | 118.75 | 118.75 | 356.25 | 356.25 | |||||||||||||||||||||||||||||
| Series JJ | 150,000 | 150,000 | 1,500 | 1,500 | 3/17/2021 | 4.550 | 6/1/2026 | NA | 113.75 | 113.75 | 341.25 | 341.25 | |||||||||||||||||||||||||||||
| Series LL | 185,000 | 185,000 | 1,850 | 1,850 | 5/20/2021 | 4.625 | 6/1/2026 | NA | 115.63 | 115.63 | 346.89 | 346.89 | |||||||||||||||||||||||||||||
Series MM | 200,000 | 200,000 | 2,000 | 2,000 | 7/29/2021 | 4.200 | 9/1/2026 | NA | 105.00 | 105.00 | 315.00 | 315.00 | |||||||||||||||||||||||||||||
| Fixed-to-floating rate: | |||||||||||||||||||||||||||||||||||||||||
Series Q | — | 150,000 | — | 1,500 | 4/23/2013 | — | 5/1/2023 | SOFR + 3.25 | — | 227.02 | 220.45 | 574.25 | (d) | ||||||||||||||||||||||||||||
Series R | — | 150,000 | — | 1,500 | 7/29/2013 | — | 8/1/2023 | SOFR + 3.30 | — | 228.30 | 221.70 | 528.30 | (e) | ||||||||||||||||||||||||||||
Series S | — | 200,000 | — | 2,000 | 1/22/2014 | — | 2/1/2024 | SOFR + 3.78 | — | 168.75 | 233.70 | 506.25 | (f) | ||||||||||||||||||||||||||||
Series U | — | 100,000 | — | 1,000 | 3/10/2014 | — | 4/30/2024 | SOFR + 3.33 | — | 153.13 | 153.13 | 459.38 | |||||||||||||||||||||||||||||
Series X | 160,000 | 160,000 | 1,600 | 1,600 | 9/23/2014 | 6.100 | 10/1/2024 | SOFR + 3.33 | 152.50 | 152.50 | 457.50 | 457.50 | |||||||||||||||||||||||||||||
Series CC | 125,750 | 125,750 | 1,258 | 1,258 | 10/20/2017 | SOFR + 2.58 | 11/1/2022 | SOFR + 2.58 | 206.73 | 209.90 | 619.18 | 594.05 | |||||||||||||||||||||||||||||
Series FF | — | 225,000 | — | 2,250 | 7/31/2019 | — | 8/1/2024 | SOFR + 3.38 | — | 125.00 | 250.00 | 375.00 | |||||||||||||||||||||||||||||
Series HH | 300,000 | 300,000 | 3,000 | 3,000 | 1/23/2020 | 4.600 | 2/1/2025 | SOFR + 3.125 | 115.00 | 115.00 | 345.00 | 345.00 | |||||||||||||||||||||||||||||
Series II | 150,000 | 150,000 | 1,500 | 1,500 | 2/24/2020 | 4.000 | 4/1/2025 | SOFR + 2.745 | 100.00 | 100.00 | 300.00 | 300.00 | |||||||||||||||||||||||||||||
| Series KK | 200,000 | 200,000 | 2,000 | 2,000 | 5/12/2021 | 3.650 | 6/1/2026 | CMT + 2.85 | 91.25 | 91.25 | 273.75 | 273.75 | |||||||||||||||||||||||||||||
Series NN | 250,000 | NA | 2,496 | NA | 3/12/2024 | 6.875 | 6/1/2029 | CMT + 2.737 | 171.88 | NA | 322.75 | NA | (g) | ||||||||||||||||||||||||||||
| Total preferred stock | 2,165,375 | 2,740,375 | $ | 21,650 | $ | 27,404 | |||||||||||||||||||||||||||||||||||
| (in millions, except per share amounts) | Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||||
Basic earnings per share | |||||||||||||||||
| Net income | $ | 12,898 | $ | 13,151 | $ | 44,466 | $ | 40,245 | |||||||||
Less: Preferred stock dividends | 286 | 386 | 1,000 | 1,115 | |||||||||||||
Net income applicable to common equity | 12,612 | 12,765 | 43,466 | 39,130 | |||||||||||||
Less: Dividends and undistributed earnings allocated to participating securities | 75 | 80 | 267 | 241 | |||||||||||||
Net income applicable to common stockholders | $ | 12,537 | $ | 12,685 | $ | 43,199 | $ | 38,889 | |||||||||
Total weighted-average basic shares outstanding | 2,860.6 | 2,927.5 | 2,886.2 | 2,946.6 | |||||||||||||
Net income per share | $ | 4.38 | $ | 4.33 | $ | 14.97 | $ | 13.20 | |||||||||
Diluted earnings per share | |||||||||||||||||
Net income applicable to common stockholders | $ | 12,537 | $ | 12,685 | $ | 43,199 | $ | 38,889 | |||||||||
Total weighted-average basic shares outstanding | 2,860.6 | 2,927.5 | 2,886.2 | 2,946.6 | |||||||||||||
| Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs | 5.3 | 4.6 | 5.0 | 4.4 | |||||||||||||
Total weighted-average diluted shares outstanding | 2,865.9 | 2,932.1 | 2,891.2 | 2,951.0 | |||||||||||||
Net income per share | $ | 4.37 | $ | 4.33 | $ | 14.94 | $ | 13.18 | |||||||||
| As of or for the three months ended September 30, 2024 (in millions) | Unrealized gains/(losses) on investment securities | Translation adjustments, net of hedges | Fair value hedges | Cash flow hedges | Defined benefit pension and OPEB plans | DVA on fair value option elected liabilities | Accumulated other comprehensive income/(loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at July 1, 2024 | $ | (3,494) | $ | (1,576) | $ | (147) | $ | (4,843) | $ | (1,055) | $ | (223) | $ | (11,338) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net change | 2,297 | 389 | (20) | 2,265 | (28) | (349) | 4,554 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at September 30, 2024 | $ | (1,197) | (a) | $ | (1,187) | $ | (167) | $ | (2,578) | $ | (1,083) | $ | (572) | $ | (6,784) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| As of or for the three months ended September 30, 2023 (in millions) | Unrealized gains/(losses) on investment securities | Translation adjustments, net of hedges | Fair value hedges | Cash flow hedges | Defined benefit pension and OPEB plans | DVA on fair value option elected liabilities | Accumulated other comprehensive income/(loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at July 1, 2023 | $ | (6,155) | $ | (1,278) | $ | (43) | $ | (5,355) | $ | (1,512) | $ | 53 | $ | (14,290) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net change | (1,950) | (340) | (5) | (583) | (21) | 85 | (2,814) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at September 30, 2023 | $ | (8,105) | (a) | $ | (1,618) | $ | (48) | $ | (5,938) | $ | (1,533) | $ | 138 | $ | (17,104) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| As of or for the nine months ended September 30, 2024 (in millions) | Unrealized gains/(losses) on investment securities | Translation adjustments, net of hedges | Fair value hedges | Cash flow hedges | Defined benefit pension and OPEB plans | DVA on fair value option elected liabilities | Accumulated other comprehensive income/(loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at January 1, 2024 | $ | (3,743) | $ | (1,216) | $ | (134) | $ | (3,932) | $ | (1,078) | $ | (340) | $ | (10,443) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net change | 2,546 | 29 | (33) | 1,354 | (5) | (232) | 3,659 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at September 30, 2024 | $ | (1,197) | (a) | $ | (1,187) | $ | (167) | $ | (2,578) | $ | (1,083) | $ | (572) | $ | (6,784) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| As of or for the nine months ended September 30, 2023 (in millions) | Unrealized gains/(losses) on investment securities | Translation adjustments, net of hedges | Fair value hedges | Cash flow hedges | Defined benefit pension and OPEB plans | DVA on fair value option elected liabilities | Accumulated other comprehensive income/(loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at January 1, 2023 | $ | (9,124) | $ | (1,545) | $ | (33) | $ | (5,656) | $ | (1,451) | $ | 468 | $ | (17,341) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net change | 1,019 | (73) | (15) | (282) | (82) | (330) | 237 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at September 30, 2023 | $ | (8,105) | (a) | $ | (1,618) | $ | (48) | $ | (5,938) | $ | (1,533) | $ | 138 | $ | (17,104) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||||||||
| Three months ended September 30, (in millions) | Pre-tax | Tax effect | After-tax | Pre-tax | Tax effect | After-tax | |||||||||||||||||||||||||||||
| Unrealized gains/(losses) on investment securities: | |||||||||||||||||||||||||||||||||||
| Net unrealized gains/(losses) arising during the period | $ | 3,014 | $ | (730) | $ | 2,284 | $ | (3,234) | $ | 775 | $ | (2,459) | |||||||||||||||||||||||
Reclassification adjustment for realized (gains)/losses included in net income(a) | 16 | (3) | 13 | 669 | (160) | 509 | |||||||||||||||||||||||||||||
| Net change | 3,030 | (733) | 2,297 | (2,565) | 615 | (1,950) | |||||||||||||||||||||||||||||
Translation adjustments(b): | |||||||||||||||||||||||||||||||||||
| Translation | 2,411 | (109) | 2,302 | (1,608) | 18 | (1,590) | |||||||||||||||||||||||||||||
| Hedges | (2,523) | 610 | (1,913) | 1,647 | (397) | 1,250 | |||||||||||||||||||||||||||||
| Net change | (112) | 501 | 389 | 39 | (379) | (340) | |||||||||||||||||||||||||||||
Fair value hedges, net change(c) | (27) | 7 | (20) | (7) | 2 | (5) | |||||||||||||||||||||||||||||
| Cash flow hedges: | |||||||||||||||||||||||||||||||||||
| Net unrealized gains/(losses) arising during the period | 2,313 | (559) | 1,754 | (1,209) | 290 | (919) | |||||||||||||||||||||||||||||
Reclassification adjustment for realized (gains)/losses included in net income(d) | 673 | (162) | 511 | 443 | (107) | 336 | |||||||||||||||||||||||||||||
| Net change | 2,986 | (721) | 2,265 | (766) | 183 | (583) | |||||||||||||||||||||||||||||
Defined benefit pension and OPEB plans, net change | (36) | 8 | (28) | (26) | 5 | (21) | |||||||||||||||||||||||||||||
DVA on fair value option elected liabilities, net change | (460) | 111 | (349) | 111 | (26) | 85 | |||||||||||||||||||||||||||||
| Total other comprehensive income/(loss) | $ | 5,381 | $ | (827) | $ | 4,554 | $ | (3,214) | $ | 400 | $ | (2,814) | |||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||||||||
| Nine months ended September 30, (in millions) | Pre-tax | Tax effect | After-tax | Pre-tax | Tax effect | After-tax | |||||||||||||||||||||||||||||
| Unrealized gains/(losses) on investment securities: | |||||||||||||||||||||||||||||||||||
| Net unrealized gains/(losses) arising during the period | $ | 2,428 | $ | (587) | $ | 1,841 | $ | (1,097) | $ | 264 | $ | (833) | |||||||||||||||||||||||
Reclassification adjustment for realized (gains)/losses included in net income(a) | 929 | (224) | 705 | 2,437 | (585) | 1,852 | |||||||||||||||||||||||||||||
| Net change | 3,357 | (811) | 2,546 | 1,340 | (321) | 1,019 | |||||||||||||||||||||||||||||
Translation adjustments(b): | |||||||||||||||||||||||||||||||||||
| Translation | 117 | 9 | 126 | (509) | (13) | (522) | |||||||||||||||||||||||||||||
| Hedges | (129) | 32 | (97) | 596 | (147) | 449 | |||||||||||||||||||||||||||||
| Net change | (12) | 41 | 29 | 87 | (160) | (73) | |||||||||||||||||||||||||||||
Fair value hedges, net change(c) | (43) | 10 | (33) | (20) | 5 | (15) | |||||||||||||||||||||||||||||
| Cash flow hedges: | |||||||||||||||||||||||||||||||||||
| Net unrealized gains/(losses) arising during the period | (132) | 32 | (100) | (1,761) | 422 | (1,339) | |||||||||||||||||||||||||||||
Reclassification adjustment for realized (gains)/losses included in net income(d) | 1,917 | (463) | 1,454 | 1,391 | (334) | 1,057 | |||||||||||||||||||||||||||||
| Net change | 1,785 | (431) | 1,354 | (370) | 88 | (282) | |||||||||||||||||||||||||||||
Defined benefit pension and OPEB plans, net change | (2) | (3) | (5) | (105) | 23 | (82) | |||||||||||||||||||||||||||||
DVA on fair value option elected liabilities, net change | (302) | 70 | (232) | (436) | 106 | (330) | |||||||||||||||||||||||||||||
| Total other comprehensive income/(loss) | $ | 4,783 | $ | (1,124) | $ | 3,659 | $ | 496 | $ | (259) | $ | 237 | |||||||||||||||||||||||
| (in billions) | September 30, 2024 | December 31, 2023 | ||||||
Segregated for the benefit of securities and cleared derivative customers | $ | 15.4 | $ | 10.3 | ||||
Cash reserves at non-U.S. central banks and held for other general purposes | 9.7 | 9.3 | ||||||
Total restricted cash(a) | $ | 25.1 | $ | 19.6 | ||||
| Standardized capital ratio requirements | Advanced capital ratio requirements | Well-capitalized ratios | ||||||||||||||||||||||||
BHC(a)(b) | IDI(c) | BHC(a)(b) | IDI(c) | BHC(d) | IDI(e) | |||||||||||||||||||||
| Risk-based capital ratios | ||||||||||||||||||||||||||
| CET1 capital | 11.9 | % | 7.0 | % | 11.5 | % | 7.0 | % | NA | 6.5 | % | |||||||||||||||
| Tier 1 capital | 13.4 | 8.5 | 13.0 | 8.5 | 6.0 | % | 8.0 | |||||||||||||||||||
| Total capital | 15.4 | 10.5 | 15.0 | 10.5 | 10.0 | 10.0 | ||||||||||||||||||||
Capital ratio requirements(a) | Well-capitalized ratios | |||||||||||||||||||
| BHC | IDI | BHC(b) | IDI | |||||||||||||||||
| Leverage-based capital ratios | ||||||||||||||||||||
| Tier 1 leverage | 4.0 | % | 4.0 | % | NA | 5.0 | % | |||||||||||||
| SLR | 5.0 | 6.0 | NA | 6.0 | ||||||||||||||||
| September 30, 2024 (in millions, except ratios) | Basel III Standardized | Basel III Advanced | ||||||||||||||||||||||||
| JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | |||||||||||||||||||||||
Risk-based capital metrics:(a) | ||||||||||||||||||||||||||
CET1 capital | $ | 272,964 | $ | 278,980 | $ | 272,964 | $ | 278,980 | ||||||||||||||||||
Tier 1 capital | 292,333 | 278,985 | 292,333 | 278,985 | ||||||||||||||||||||||
Total capital | 324,585 | 299,439 | 310,764 | (b) | 285,715 | (b) | ||||||||||||||||||||
| Risk-weighted assets | 1,782,722 | 1,724,917 | 1,762,991 | (b) | 1,602,273 | (b) | ||||||||||||||||||||
| CET1 capital ratio | 15.3 | % | 16.2 | % | 15.5 | % | 17.4 | % | ||||||||||||||||||
| Tier 1 capital ratio | 16.4 | 16.2 | 16.6 | 17.4 | ||||||||||||||||||||||
| Total capital ratio | 18.2 | 17.4 | 17.6 | 17.8 | ||||||||||||||||||||||
| December 31, 2023 (in millions, except ratios) | Basel III Standardized | Basel III Advanced | ||||||||||||||||||||||||
JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | |||||||||||||||||||||||
Risk-based capital metrics:(a) | ||||||||||||||||||||||||||
| CET1 capital | $ | 250,585 | $ | 262,030 | $ | 250,585 | $ | 262,030 | ||||||||||||||||||
| Tier 1 capital | 277,306 | 262,032 | 277,306 | 262,032 | ||||||||||||||||||||||
| Total capital | 308,497 | 281,308 | 295,417 | (b) | 268,392 | (b) | ||||||||||||||||||||
| Risk-weighted assets | 1,671,995 | 1,621,789 | 1,669,156 | (b) | 1,526,952 | (b) | ||||||||||||||||||||
| CET1 capital ratio | 15.0 | % | 16.2 | % | 15.0 | % | 17.2 | % | ||||||||||||||||||
| Tier 1 capital ratio | 16.6 | 16.2 | 16.6 | 17.2 | ||||||||||||||||||||||
| Total capital ratio | 18.5 | 17.3 | 17.7 | 17.6 | ||||||||||||||||||||||
| Three months ended (in millions, except ratios) | September 30, 2024 | December 31, 2023 | |||||||||||||||
| JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | ||||||||||||||
Leverage-based capital metrics:(a) | |||||||||||||||||
Adjusted average assets(b) | $ | 4,122,332 | $ | 3,471,044 | $ | 3,831,200 | $ | 3,337,842 | |||||||||
Tier 1 leverage ratio | 7.1 | % | 8.0 | % | 7.2 | % | 7.9 | % | |||||||||
| Total leverage exposure | $ | 4,893,662 | $ | 4,239,056 | $ | 4,540,465 | $ | 4,038,739 | |||||||||
| SLR | 6.0 | % | 6.6 | % | 6.1 | % | 6.5 | % | |||||||||
| (in billions) | September 30, 2024 | December 31, 2023 | |||||||||
Assets that may be sold or repledged or otherwise used by secured parties | $ | 181.5 | $ | 145.0 | |||||||
Assets that may not be sold or repledged or otherwise used by secured parties | 307.9 | 244.2 | |||||||||
Assets pledged at Federal Reserve banks and FHLBs | 692.5 | 675.6 | |||||||||
Total pledged assets | $ | 1,181.9 | $ | 1,064.8 | |||||||
| (in billions) | September 30, 2024 | December 31, 2023 | |||||||||
Collateral permitted to be sold or repledged, delivered, or otherwise used | $ | 1,664.3 | $ | 1,303.9 | |||||||
| Collateral sold, repledged, delivered or otherwise used | 1,274.2 | 982.8 | |||||||||
Segment results and reconciliation(a) | ||||||||||||||||||||||||||||||||
| As of or for the three months ended September 30, (in millions, except ratios) | Consumer & Community Banking | Commercial & Investment Bank | Asset & Wealth Management | |||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||||||
| Noninterest revenue | $ | 4,214 | $ | 3,982 | $ | 11,622 | $ | 10,842 | $ | 3,799 | $ | 3,431 | ||||||||||||||||||||
| Net interest income | 13,577 | 14,380 | 5,393 | 4,919 | 1,640 | 1,574 | ||||||||||||||||||||||||||
| Total net revenue | 17,791 | 18,362 | 17,015 | 15,761 | 5,439 | 5,005 | ||||||||||||||||||||||||||
Provision for credit losses | 2,795 | 1,446 | 316 | (95) | 4 | (13) | ||||||||||||||||||||||||||
| Noninterest expense | 9,586 | 9,105 | 8,751 | 8,818 | 3,639 | 3,138 | ||||||||||||||||||||||||||
Income/(loss) before income tax expense/(benefit) | 5,410 | 7,811 | 7,948 | 7,038 | 1,796 | 1,880 | ||||||||||||||||||||||||||
| Income tax expense/(benefit) | 1,364 | 1,916 | 2,257 | 2,011 | 445 | 463 | ||||||||||||||||||||||||||
| Net income/(loss) | $ | 4,046 | $ | 5,895 | $ | 5,691 | $ | 5,027 | $ | 1,351 | $ | 1,417 | ||||||||||||||||||||
Average equity | $ | 54,500 | $ | 55,500 | $ | 132,000 | $ | 138,000 | $ | 15,500 | $ | 17,000 | ||||||||||||||||||||
| Total assets | 633,038 | 626,196 | 2,047,022 | 1,746,598 | 253,750 | 249,866 | ||||||||||||||||||||||||||
| ROE | 29 | % | 41 | % | 17 | % | 14 | % | 34 | % | 32 | % | ||||||||||||||||||||
| Overhead ratio | 54 | 50 | 51 | 56 | 67 | 63 | ||||||||||||||||||||||||||
| As of or for the three months ended September 30, (in millions, except ratios) | Corporate | Reconciling Items(a) | Total | |||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||||||
| Noninterest revenue | $ | 155 | $ | (425) | $ | (541) | $ | (682) | $ | 19,249 | $ | 17,148 | ||||||||||||||||||||
| Net interest income | 2,915 | 1,983 | (120) | (130) | 23,405 | 22,726 | ||||||||||||||||||||||||||
| Total net revenue | 3,070 | 1,558 | (661) | (812) | 42,654 | 39,874 | ||||||||||||||||||||||||||
Provision for credit losses | (4) | 46 | — | — | 3,111 | 1,384 | ||||||||||||||||||||||||||
| Noninterest expense | 589 | 696 | — | — | 22,565 | 21,757 | ||||||||||||||||||||||||||
| Income/(loss) before income tax expense/(benefit) | 2,485 | 816 | (661) | (812) | 16,978 | 16,733 | ||||||||||||||||||||||||||
| Income tax expense/(benefit) | 675 | 4 | (661) | (812) | 4,080 | 3,582 | ||||||||||||||||||||||||||
| Net income/(loss) | $ | 1,810 | $ | 812 | $ | — | $ | — | $ | 12,898 | $ | 13,151 | ||||||||||||||||||||
Average equity | $ | 119,894 | $ | 74,298 | $ | — | $ | — | $ | 321,894 | $ | 284,798 | ||||||||||||||||||||
| Total assets | 1,276,238 | 1,275,673 | NA | NA | 4,210,048 | 3,898,333 | ||||||||||||||||||||||||||
| ROE | NM | NM | NM | NM | 16 | % | 18 | % | ||||||||||||||||||||||||
| Overhead ratio | NM | NM | NM | NM | 53 | 55 | ||||||||||||||||||||||||||
Segment results and reconciliation(a) | ||||||||||||||||||||||||||||||||
| As of or for the nine months ended September 30, (in millions, except ratios) | Consumer & Community Banking | Commercial & Investment Bank | Asset & Wealth Management | |||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||||||
| Noninterest revenue | $ | 12,155 | $ | 11,148 | $ | 36,527 | $ | 34,783 | $ | 10,946 | $ | 10,122 | ||||||||||||||||||||
| Net interest income | 40,990 | 40,903 | 15,989 | 14,596 | 4,854 | 4,610 | ||||||||||||||||||||||||||
| Total net revenue | 53,145 | 52,051 | 52,516 | 49,379 | 15,800 | 14,732 | ||||||||||||||||||||||||||
Provision for credit losses | 7,351 | 4,710 | 701 | 1,515 | (33) | 160 | ||||||||||||||||||||||||||
| Noninterest expense | 28,308 | 25,483 | 26,641 | 25,803 | 10,642 | 9,392 | ||||||||||||||||||||||||||
Income/(loss) before income tax expense/(benefit) | 17,486 | 21,858 | 25,174 | 22,061 | 5,191 | 5,180 | ||||||||||||||||||||||||||
| Income tax expense/(benefit) | 4,399 | 5,414 | 6,964 | 5,966 | 1,287 | 1,170 | ||||||||||||||||||||||||||
| Net income/(loss) | $ | 13,087 | $ | 16,444 | $ | 18,210 | $ | 16,095 | $ | 3,904 | $ | 4,010 | ||||||||||||||||||||
Average equity | $ | 54,500 | $ | 53,962 | $ | 132,000 | $ | 137,341 | $ | 15,500 | $ | 16,560 | ||||||||||||||||||||
| Total assets | 633,038 | 626,196 | 2,047,022 | 1,746,598 | 253,750 | 249,866 | ||||||||||||||||||||||||||
| ROE | 31 | % | 40 | % | 18 | % | 15 | % | 33 | % | 32 | % | ||||||||||||||||||||
| Overhead ratio | 53 | 49 | 51 | 52 | 67 | 64 | ||||||||||||||||||||||||||
| As of or for the nine months ended September 30, (in millions, except ratios) | Corporate | Reconciling Items(a) | Total | |||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||||||
| Noninterest revenue | $ | 7,638 | (b) | $ | 800 | $ | (1,711) | $ | (2,539) | $ | 65,555 | (b) | $ | 54,314 | ||||||||||||||||||
| Net interest income | 7,756 | 5,461 | (356) | (354) | 69,233 | 65,216 | ||||||||||||||||||||||||||
| Total net revenue | 15,394 | 6,261 | (2,067) | (2,893) | 134,788 | 119,530 | ||||||||||||||||||||||||||
Provision for credit losses | 28 | 173 | — | — | 8,047 | 6,558 | ||||||||||||||||||||||||||
| Noninterest expense | 3,444 | (c) | 2,008 | — | — | 69,035 | (c) | 62,686 | ||||||||||||||||||||||||
| Income/(loss) before income tax expense/(benefit) | 11,922 | 4,080 | (2,067) | (2,893) | 57,706 | 50,286 | ||||||||||||||||||||||||||
| Income tax expense/(benefit) | 2,657 | 384 | (2,067) | (2,893) | 13,240 | 10,041 | ||||||||||||||||||||||||||
| Net income/(loss) | $ | 9,265 | $ | 3,696 | $ | — | $ | — | $ | 44,466 | $ | 40,245 | ||||||||||||||||||||
Average equity | $ | 108,353 | $ | 70,147 | $ | — | $ | — | $ | 310,353 | $ | 278,010 | ||||||||||||||||||||
| Total assets | 1,276,238 | 1,275,673 | NA | NA | 4,210,048 | 3,898,333 | ||||||||||||||||||||||||||
| ROE | NM | NM | NM | NM | 19 | % | 19 | % | ||||||||||||||||||||||||
| Overhead ratio | NM | NM | NM | NM | 51 | 52 | ||||||||||||||||||||||||||
| Fair value purchase price allocation as of May 1, 2023 | |||||
| (in millions) | |||||
| Purchase price consideration | |||||
Amounts paid/due to the FDIC, net of cash acquired(a) | $ | 13,555 | |||
Purchase Money Note (at fair value)(b) | 48,848 | ||||
Settlement of First Republic deposit and other related party transactions(c) | 5,447 | ||||
| Contingent consideration - Shared-loss agreements | 15 | ||||
| Purchase price consideration | $ | 67,865 | |||
| Assets | |||||
| Securities | $ | 30,285 | |||
| Loans | 153,242 | ||||
| Core deposit and customer relationship intangibles | 1,455 | ||||
| Indemnification assets - Shared-loss agreements | 675 | ||||
Accounts receivable and other assets(d) | 6,740 | ||||
| Total assets acquired | $ | 192,397 | |||
| Liabilities | |||||
| Deposits | $ | 87,572 | |||
| FHLB advances | 27,919 | ||||
| Lending-related commitments | 2,614 | ||||
Accounts payable and other liabilities(d) | 2,792 | ||||
| Deferred tax liabilities | 757 | ||||
| Total liabilities assumed | $ | 121,654 | |||
| Fair value of net assets acquired | $ | 70,743 | |||
| Gain on acquisition, after income taxes | $ | 2,878 | |||
| May 1, 2023 | |||||||||||
| (in millions) | UPB | Fair value | |||||||||
| Residential real estate | $ | 106,240 | $ | 92,053 | |||||||
| Auto and other | 3,093 | 2,030 | |||||||||
| Total consumer | 109,333 | 94,083 | |||||||||
| Secured by real estate | 37,117 | 33,602 | |||||||||
| Commercial & industrial | 4,332 | 3,932 | |||||||||
| Other | 23,499 | 21,625 | |||||||||
| Total wholesale | 64,948 | 59,159 | |||||||||
| Total loans | $ | 174,281 | $ | 153,242 | |||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
| (in millions) | 2023 | 2023 | ||||||||||||
| Noninterest revenue | $ | 16,820 | $ | 51,480 | ||||||||||
| Net interest income | 22,726 | 66,808 | ||||||||||||
| Net income | 12,902 | 39,500 | ||||||||||||
| Assets and liabilities measured at fair value on a recurring basis | ||||||||||||||||||||||||||
| Fair value hierarchy | Derivative netting adjustments(f) | |||||||||||||||||||||||||
| September 30, 2024 (in millions) | Level 1 | Level 2 | Level 3 | Total fair value | ||||||||||||||||||||||
| Federal funds sold and securities purchased under resale agreements | $ | — | $ | 368,964 | $ | — | $ | — | $ | 368,964 | ||||||||||||||||
| Securities borrowed | — | 107,599 | — | — | 107,599 | |||||||||||||||||||||
| Trading assets: | ||||||||||||||||||||||||||
| Debt instruments: | ||||||||||||||||||||||||||
| Mortgage-backed securities: | ||||||||||||||||||||||||||
U.S. GSEs and government agencies(a) | — | 136,594 | 691 | — | 137,285 | |||||||||||||||||||||
| Residential – nonagency | — | 2,051 | 5 | — | 2,056 | |||||||||||||||||||||
| Commercial – nonagency | — | 1,268 | 11 | — | 1,279 | |||||||||||||||||||||
| Total mortgage-backed securities | — | 139,913 | 707 | — | 140,620 | |||||||||||||||||||||
U.S. Treasury, GSEs and government agencies(a) | 148,160 | 13,781 | — | — | 161,941 | |||||||||||||||||||||
| Obligations of U.S. states and municipalities | — | 5,645 | 7 | — | 5,652 | |||||||||||||||||||||
Certificates of deposit, bankers’ acceptances and commercial paper | — | 2,851 | — | — | 2,851 | |||||||||||||||||||||
| Non-U.S. government debt securities | 50,041 | 69,339 | 173 | — | 119,553 | |||||||||||||||||||||
| Corporate debt securities | — | 43,744 | 435 | — | 44,179 | |||||||||||||||||||||
| Loans | — | 9,203 | 819 | — | 10,022 | |||||||||||||||||||||
| Asset-backed securities | — | 2,814 | 2 | — | 2,816 | |||||||||||||||||||||
| Total debt instruments | 198,201 | 287,290 | 2,143 | — | 487,634 | |||||||||||||||||||||
| Equity securities | 223,651 | 1,436 | 101 | — | 225,188 | |||||||||||||||||||||
Physical commodities(b) | 2,171 | 1,008 | 10 | — | 3,189 | |||||||||||||||||||||
| Other | — | 18,734 | 183 | — | 18,917 | |||||||||||||||||||||
Total debt and equity instruments(c) | 424,023 | 308,468 | 2,437 | — | 734,928 | |||||||||||||||||||||
| Derivative receivables: | ||||||||||||||||||||||||||
| Interest rate | 2,073 | 298,544 | 5,635 | (282,118) | 24,134 | |||||||||||||||||||||
| Credit | — | 9,567 | 955 | (9,913) | 609 | |||||||||||||||||||||
| Foreign exchange | 326 | 195,081 | 1,066 | (179,484) | 16,989 | |||||||||||||||||||||
| Equity | — | 96,107 | 2,738 | (93,494) | 5,351 | |||||||||||||||||||||
| Commodity | — | 21,328 | 316 | (16,166) | 5,478 | |||||||||||||||||||||
| Total derivative receivables | 2,399 | 620,627 | 10,710 | (581,175) | 52,561 | |||||||||||||||||||||
Total trading assets(d) | 426,422 | 929,095 | 13,147 | (581,175) | 787,489 | |||||||||||||||||||||
| Available-for-sale securities: | ||||||||||||||||||||||||||
| Mortgage-backed securities: | ||||||||||||||||||||||||||
U.S. GSEs and government agencies(a) | — | 81,863 | — | — | 81,863 | |||||||||||||||||||||
| Residential – nonagency | — | 4,057 | — | — | 4,057 | |||||||||||||||||||||
| Commercial – nonagency | — | 3,609 | — | — | 3,609 | |||||||||||||||||||||
| Total mortgage-backed securities | — | 89,529 | — | — | 89,529 | |||||||||||||||||||||
| U.S. Treasury and government agencies | 171,878 | 304 | — | — | 172,182 | |||||||||||||||||||||
| Obligations of U.S. states and municipalities | — | 18,205 | — | — | 18,205 | |||||||||||||||||||||
| Non-U.S. government debt securities | 19,925 | 22,628 | — | — | 42,553 | |||||||||||||||||||||
| Corporate debt securities | — | 61 | — | — | 61 | |||||||||||||||||||||
| Asset-backed securities: | ||||||||||||||||||||||||||
| Collateralized loan obligations | — | 9,682 | — | — | 9,682 | |||||||||||||||||||||
Other(a) | — | 2,336 | — | — | 2,336 | |||||||||||||||||||||
| Total available-for-sale securities | 191,803 | 142,745 | — | — | 334,548 | |||||||||||||||||||||
Loans(e) | — | 39,650 | 2,487 | — | 42,137 | |||||||||||||||||||||
| Mortgage servicing rights | — | — | 8,753 | — | 8,753 | |||||||||||||||||||||
Other assets(d) | 7,178 | 5,003 | 1,186 | — | 13,367 | |||||||||||||||||||||
| Total assets measured at fair value on a recurring basis | $ | 625,403 | $ | 1,593,056 | $ | 25,573 | $ | (581,175) | $ | 1,662,857 | ||||||||||||||||
| Deposits | $ | — | $ | 49,065 | $ | 2,219 | $ | — | $ | 51,284 | ||||||||||||||||
Federal funds purchased and securities loaned or sold under repurchase agreements | — | 320,406 | — | — | 320,406 | |||||||||||||||||||||
| Short-term borrowings | — | 24,660 | 3,647 | — | 28,307 | |||||||||||||||||||||
| Trading liabilities: | ||||||||||||||||||||||||||
Debt and equity instruments(c) | 166,655 | 37,866 | 72 | — | 204,593 | |||||||||||||||||||||
| Derivative payables: | ||||||||||||||||||||||||||
| Interest rate | 2,873 | 283,166 | 2,806 | (280,237) | 8,608 | |||||||||||||||||||||
| Credit | — | 12,919 | 1,054 | (12,247) | 1,726 | |||||||||||||||||||||
| Foreign exchange | 335 | 198,635 | 1,026 | (187,348) | 12,648 | |||||||||||||||||||||
| Equity | — | 105,111 | 6,548 | (101,049) | 10,610 | |||||||||||||||||||||
| Commodity | — | 18,724 | 688 | (14,339) | 5,073 | |||||||||||||||||||||
| Total derivative payables | 3,208 | 618,555 | 12,122 | (595,220) | 38,665 | |||||||||||||||||||||
| Total trading liabilities | 169,863 | 656,421 | 12,194 | (595,220) | 243,258 | |||||||||||||||||||||
| Accounts payable and other liabilities | 4,256 | 1,567 | 42 | — | 5,865 | |||||||||||||||||||||
| Beneficial interests issued by consolidated VIEs | — | 1 | — | — | 1 | |||||||||||||||||||||
| Long-term debt | — | 68,656 | 33,473 | — | 102,129 | |||||||||||||||||||||
| Total liabilities measured at fair value on a recurring basis | $ | 174,119 | $ | 1,120,776 | $ | 51,575 | $ | (595,220) | $ | 751,250 | ||||||||||||||||
| Fair value hierarchy | Derivative netting adjustments(f) | ||||||||||||||||||||||||||||
| December 31, 2023 (in millions) | Level 1 | Level 2 | Level 3 | Total fair value | |||||||||||||||||||||||||
| Federal funds sold and securities purchased under resale agreements | $ | — | $ | 259,813 | $ | — | $ | — | $ | 259,813 | |||||||||||||||||||
| Securities borrowed | — | 70,086 | — | — | 70,086 | ||||||||||||||||||||||||
| Trading assets: | |||||||||||||||||||||||||||||
| Debt instruments: | |||||||||||||||||||||||||||||
| Mortgage-backed securities: | |||||||||||||||||||||||||||||
U.S. GSEs and government agencies(a) | — | 73,840 | 758 | — | 74,598 | ||||||||||||||||||||||||
| Residential – nonagency | — | 1,921 | 5 | — | 1,926 | ||||||||||||||||||||||||
| Commercial – nonagency | — | 1,362 | 12 | — | 1,374 | ||||||||||||||||||||||||
| Total mortgage-backed securities | — | 77,123 | 775 | — | 77,898 | ||||||||||||||||||||||||
U.S. Treasury, GSEs and government agencies(a) | 133,997 | 9,998 | — | — | 143,995 | ||||||||||||||||||||||||
| Obligations of U.S. states and municipalities | — | 5,858 | 10 | — | 5,868 | ||||||||||||||||||||||||
Certificates of deposit, bankers’ acceptances and commercial paper | — | 756 | — | — | 756 | ||||||||||||||||||||||||
| Non-U.S. government debt securities | 24,846 | 55,557 | 179 | — | 80,582 | ||||||||||||||||||||||||
| Corporate debt securities | — | 32,854 | 484 | — | 33,338 | ||||||||||||||||||||||||
| Loans | — | 7,872 | 684 | — | 8,556 | ||||||||||||||||||||||||
| Asset-backed securities | — | 2,199 | 6 | — | 2,205 | ||||||||||||||||||||||||
| Total debt instruments | 158,843 | 192,217 | 2,138 | — | 353,198 | ||||||||||||||||||||||||
| Equity securities | 107,926 | 679 | 127 | — | 108,732 | ||||||||||||||||||||||||
Physical commodities(b) | 2,479 | 3,305 | 7 | — | 5,791 | ||||||||||||||||||||||||
| Other | — | 17,879 | 101 | — | 17,980 | ||||||||||||||||||||||||
Total debt and equity instruments(c) | 269,248 | 214,080 | 2,373 | — | 485,701 | ||||||||||||||||||||||||
| Derivative receivables: | |||||||||||||||||||||||||||||
| Interest rate | 2,815 | 243,578 | 4,298 | (224,367) | 26,324 | ||||||||||||||||||||||||
| Credit | — | 8,644 | 1,010 | (9,103) | 551 | ||||||||||||||||||||||||
| Foreign exchange | 149 | 204,737 | 889 | (187,756) | 18,019 | ||||||||||||||||||||||||
| Equity | — | 55,167 | 2,522 | (52,761) | 4,928 | ||||||||||||||||||||||||
| Commodity | — | 15,234 | 205 | (10,397) | 5,042 | ||||||||||||||||||||||||
| Total derivative receivables | 2,964 | 527,360 | 8,924 | (484,384) | 54,864 | ||||||||||||||||||||||||
Total trading assets(d) | 272,212 | 741,440 | 11,297 | (484,384) | 540,565 | ||||||||||||||||||||||||
| Available-for-sale securities: | |||||||||||||||||||||||||||||
| Mortgage-backed securities: | |||||||||||||||||||||||||||||
U.S. GSEs and government agencies(a) | — | 85,170 | — | — | 85,170 | ||||||||||||||||||||||||
| Residential – nonagency | — | 3,639 | — | — | 3,639 | ||||||||||||||||||||||||
| Commercial – nonagency | — | 2,803 | — | — | 2,803 | ||||||||||||||||||||||||
| Total mortgage-backed securities | — | 91,612 | — | — | 91,612 | ||||||||||||||||||||||||
| U.S. Treasury and government agencies | 57,683 | 122 | — | — | 57,805 | ||||||||||||||||||||||||
| Obligations of U.S. states and municipalities | — | 21,367 | — | — | 21,367 | ||||||||||||||||||||||||
| Non-U.S. government debt securities | 13,095 | 8,187 | — | — | 21,282 | ||||||||||||||||||||||||
| Corporate debt securities | — | 100 | — | — | 100 | ||||||||||||||||||||||||
| Asset-backed securities: | |||||||||||||||||||||||||||||
| Collateralized loan obligations | — | 6,752 | — | — | 6,752 | ||||||||||||||||||||||||
Other(a) | — | 2,786 | — | — | 2,786 | ||||||||||||||||||||||||
| Total available-for-sale securities | 70,778 | 130,926 | — | — | 201,704 | ||||||||||||||||||||||||
Loans(e) | — | 35,772 | 3,079 | — | 38,851 | ||||||||||||||||||||||||
| Mortgage servicing rights | — | — | 8,522 | — | 8,522 | ||||||||||||||||||||||||
Other assets(d) | 6,635 | 3,929 | 758 | — | 11,322 | ||||||||||||||||||||||||
| Total assets measured at fair value on a recurring basis | $ | 349,625 | $ | 1,241,966 | $ | 23,656 | $ | (484,384) | $ | 1,130,863 | |||||||||||||||||||
| Deposits | $ | — | $ | 76,551 | $ | 1,833 | $ | — | $ | 78,384 | |||||||||||||||||||
Federal funds purchased and securities loaned or sold under repurchase agreements | — | 169,003 | — | — | 169,003 | ||||||||||||||||||||||||
| Short-term borrowings | — | 18,284 | 1,758 | — | 20,042 | ||||||||||||||||||||||||
| Trading liabilities: | |||||||||||||||||||||||||||||
Debt and equity instruments(c) | 107,292 | 32,252 | 37 | — | 139,581 | ||||||||||||||||||||||||
| Derivative payables: | |||||||||||||||||||||||||||||
| Interest rate | 4,409 | 232,277 | 3,796 | (228,586) | 11,896 | ||||||||||||||||||||||||
| Credit | — | 11,293 | 745 | (10,949) | 1,089 | ||||||||||||||||||||||||
| Foreign exchange | 147 | 211,289 | 827 | (199,643) | 12,620 | ||||||||||||||||||||||||
| Equity | — | 60,887 | 4,924 | (56,443) | 9,368 | ||||||||||||||||||||||||
| Commodity | — | 15,894 | 484 | (10,504) | 5,874 | ||||||||||||||||||||||||
| Total derivative payables | 4,556 | 531,640 | 10,776 | (506,125) | 40,847 | ||||||||||||||||||||||||
| Total trading liabilities | 111,848 | 563,892 | 10,813 | (506,125) | 180,428 | ||||||||||||||||||||||||
| Accounts payable and other liabilities | 3,968 | 1,617 | 52 | — | 5,637 | ||||||||||||||||||||||||
| Beneficial interests issued by consolidated VIEs | — | 1 | — | — | 1 | ||||||||||||||||||||||||
| Long-term debt | — | 60,198 | 27,726 | — | 87,924 | ||||||||||||||||||||||||
| Total liabilities measured at fair value on a recurring basis | $ | 115,816 | $ | 889,546 | $ | 42,182 | $ | (506,125) | $ | 541,419 | |||||||||||||||||||
| Fair value hierarchy | Total fair value | |||||||||||||||||||
| September 30, 2024 (in millions) | Level 1 | Level 2 | Level 3 | |||||||||||||||||
| Loans | $ | — | $ | 663 | $ | 896 | $ | 1,559 | ||||||||||||
Other assets(a) | — | 8 | 945 | 953 | ||||||||||||||||
| Total assets measured at fair value on a nonrecurring basis | $ | — | $ | 671 | $ | 1,841 | $ | 2,512 | ||||||||||||
| Accounts payable and other liabilities | — | — | — | — | ||||||||||||||||
| Total liabilities measured at fair value on a nonrecurring basis | $ | — | $ | — | $ | — | $ | — | ||||||||||||
| Fair value hierarchy | Total fair value | |||||||||||||||||||
| September 30, 2023 (in millions) | Level 1 | Level 2 | Level 3 | |||||||||||||||||
| Loans | $ | — | $ | 666 | $ | 1,014 | $ | 1,680 | ||||||||||||
| Other assets | — | 37 | 1,276 | 1,313 | ||||||||||||||||
| Total assets measured at fair value on a nonrecurring basis | $ | — | $ | 703 | $ | 2,290 | $ | 2,993 | ||||||||||||
| Accounts payable and other liabilities | — | — | — | — | ||||||||||||||||
| Total liabilities measured at fair value on a nonrecurring basis | $ | — | $ | — | $ | — | $ | — | ||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||
| Loans | $ | (32) | $ | (75) | $ | (98) | $ | (200) | |||||||||||||||
Other assets(a) | (323) | (376) | (529) | (536) | |||||||||||||||||||
| Accounts payable and other liabilities | — | — | — | — | |||||||||||||||||||
Total nonrecurring fair value gains/(losses) | $ | (355) | $ | (451) | $ | (627) | $ | (736) | |||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||
| As of or for the period ended, (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||
| Other assets | |||||||||||||||||||||||
Carrying value(a) | $ | 3,660 | $ | 4,499 | $ | 3,660 | $ | 4,499 | |||||||||||||||
Upward carrying value changes(b) | 42 | 50 | 72 | 90 | |||||||||||||||||||
Downward carrying value changes/impairment(c) | (72) | (17) | (248) | (150) | |||||||||||||||||||
| September 30, 2024 | December 31, 2023 | |||||||||||||||||||||||||||||||||||||
| Estimated fair value hierarchy | Estimated fair value hierarchy | |||||||||||||||||||||||||||||||||||||
| (in billions) | Carrying value | Level 1 | Level 2 | Level 3 | Total estimated fair value | Carrying value | Level 1 | Level 2 | Level 3 | Total estimated fair value | ||||||||||||||||||||||||||||
| Financial assets | ||||||||||||||||||||||||||||||||||||||
| Cash and due from banks | $ | 22.9 | $ | 22.9 | $ | — | $ | — | $ | 22.9 | $ | 29.1 | $ | 29.1 | $ | — | $ | — | $ | 29.1 | ||||||||||||||||||
| Deposits with banks | 411.4 | 411.3 | 0.1 | — | 411.4 | 595.1 | 594.6 | 0.5 | — | 595.1 | ||||||||||||||||||||||||||||
Accrued interest and accounts receivable | 122.3 | — | 122.2 | 0.1 | 122.3 | 107.1 | — | 107.0 | 0.1 | 107.1 | ||||||||||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | 21.9 | — | 21.9 | — | 21.9 | 16.3 | — | 16.3 | — | 16.3 | ||||||||||||||||||||||||||||
Securities borrowed | 144.8 | — | 144.8 | — | 144.8 | 130.3 | — | 130.3 | — | 130.3 | ||||||||||||||||||||||||||||
Investment securities, held-to-maturity | 300.0 | 114.2 | 165.4 | — | 279.6 | 369.8 | 160.6 | 182.2 | — | 342.8 | ||||||||||||||||||||||||||||
Loans, net of allowance for loan losses(a) | 1,273.9 | — | 284.4 | 995.2 | 1,279.6 | 1,262.5 | — | 285.6 | 964.6 | 1,250.2 | ||||||||||||||||||||||||||||
| Other | 85.2 | — | 83.8 | 1.6 | 85.4 | 76.1 | — | 74.9 | 1.4 | 76.3 | ||||||||||||||||||||||||||||
| Financial liabilities | ||||||||||||||||||||||||||||||||||||||
| Deposits | $ | 2,379.5 | $ | — | $ | 2,380.0 | $ | — | $ | 2,380.0 | $ | 2,322.3 | $ | — | $ | 2,322.6 | $ | — | $ | 2,322.6 | ||||||||||||||||||
Federal funds purchased and securities loaned or sold under repurchase agreements | 68.9 | — | 68.9 | — | 68.9 | 47.5 | — | 47.5 | — | 47.5 | ||||||||||||||||||||||||||||
Short-term borrowings | 22.3 | — | 22.4 | — | 22.4 | 24.7 | — | 24.7 | — | 24.7 | ||||||||||||||||||||||||||||
Accounts payable and other liabilities(b) | 268.3 | — | 255.0 | 12.4 | 267.4 | 241.8 | — | 233.3 | 8.1 | 241.4 | ||||||||||||||||||||||||||||
Beneficial interests issued by consolidated VIEs | 25.7 | — | 25.8 | — | 25.8 | 23.0 | — | 23.0 | — | 23.0 | ||||||||||||||||||||||||||||
Long-term debt | 308.0 | — | 259.8 | 51.9 | 311.7 | 303.9 | — | 252.2 | 51.3 | 303.5 | ||||||||||||||||||||||||||||
| Three months ended September 30, | ||||||||||||||||||||||||||||||||||||||
| 2024 | 2023 | |||||||||||||||||||||||||||||||||||||
| (in millions) | Principal transactions | All other income | Total changes in fair value recorded (e) | Principal transactions | All other income | Total changes in fair value recorded (e) | ||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | $ | 219 | $ | — | $ | 219 | $ | 146 | $ | — | $ | 146 | ||||||||||||||||||||||||||
| Securities borrowed | 95 | — | 95 | 29 | — | 29 | ||||||||||||||||||||||||||||||||
| Trading assets: | ||||||||||||||||||||||||||||||||||||||
Debt and equity instruments, excluding loans | 1,576 | — | 1,576 | 200 | — | 200 | ||||||||||||||||||||||||||||||||
Loans reported as trading assets: | ||||||||||||||||||||||||||||||||||||||
| Changes in instrument-specific credit risk | 75 | — | 75 | 17 | — | 17 | ||||||||||||||||||||||||||||||||
| Other changes in fair value | (1) | 3 | (c) | 2 | 4 | — | 4 | |||||||||||||||||||||||||||||||
| Loans: | ||||||||||||||||||||||||||||||||||||||
| Changes in instrument-specific credit risk | 238 | — | 238 | 31 | 4 | (c) | 35 | |||||||||||||||||||||||||||||||
| Other changes in fair value | 190 | 284 | (c) | 474 | (74) | (78) | (c) | (152) | ||||||||||||||||||||||||||||||
| Other assets | 75 | — | 75 | 32 | (1) | (d) | 31 | |||||||||||||||||||||||||||||||
Deposits(a) | (1,209) | — | (1,209) | (454) | — | (454) | ||||||||||||||||||||||||||||||||
Federal funds purchased and securities loaned or sold under repurchase agreements | (57) | — | (57) | (17) | — | (17) | ||||||||||||||||||||||||||||||||
Short-term borrowings(a) | (301) | — | (301) | (130) | — | (130) | ||||||||||||||||||||||||||||||||
| Trading liabilities | 3 | — | 3 | 4 | — | 4 | ||||||||||||||||||||||||||||||||
Beneficial interests issued by consolidated VIEs | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Other liabilities | (4) | — | (4) | (2) | — | (2) | ||||||||||||||||||||||||||||||||
Long-term debt(a)(b) | (3,308) | 2 | (c)(d) | (3,306) | 2,606 | (14) | (c)(d) | 2,592 | ||||||||||||||||||||||||||||||
| Nine months ended September 30, | ||||||||||||||||||||||||||||||||||||||
| 2024 | 2023 | |||||||||||||||||||||||||||||||||||||
| (in millions) | Principal transactions | All other income | Total changes in fair value recorded (e) | Principal transactions | All other income | Total changes in fair value recorded (e) | ||||||||||||||||||||||||||||||||
Federal funds sold and securities purchased under resale agreements | $ | 268 | $ | — | $ | 268 | $ | 366 | $ | — | $ | 366 | ||||||||||||||||||||||||||
| Securities borrowed | 309 | — | 309 | 57 | — | 57 | ||||||||||||||||||||||||||||||||
| Trading assets: | ||||||||||||||||||||||||||||||||||||||
Debt and equity instruments, excluding loans | 4,385 | — | 4,385 | 2,955 | — | 2,955 | ||||||||||||||||||||||||||||||||
Loans reported as trading assets: | ||||||||||||||||||||||||||||||||||||||
| Changes in instrument-specific credit risk | 273 | — | 273 | 248 | — | 248 | ||||||||||||||||||||||||||||||||
| Other changes in fair value | 18 | 4 | (c) | 22 | 9 | 2 | (c) | 11 | ||||||||||||||||||||||||||||||
| Loans: | ||||||||||||||||||||||||||||||||||||||
| Changes in instrument-specific credit risk | 508 | (5) | (c) | 503 | 102 | — | 102 | |||||||||||||||||||||||||||||||
| Other changes in fair value | 172 | 439 | (c) | 611 | 45 | 26 | (c) | 71 | ||||||||||||||||||||||||||||||
| Other assets | 93 | — | 93 | 46 | (2) | (d) | 44 | |||||||||||||||||||||||||||||||
Deposits(a) | (3,167) | — | (3,167) | (1,322) | — | (1,322) | ||||||||||||||||||||||||||||||||
Federal funds purchased and securities loaned or sold under repurchase agreements | (47) | — | (47) | (86) | — | (86) | ||||||||||||||||||||||||||||||||
Short-term borrowings(a) | (751) | — | (751) | (399) | — | (399) | ||||||||||||||||||||||||||||||||
| Trading liabilities | 1 | — | 1 | (26) | — | (26) | ||||||||||||||||||||||||||||||||
Beneficial interests issued by consolidated VIEs | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Other liabilities | (6) | — | (6) | (3) | — | (3) | ||||||||||||||||||||||||||||||||
Long-term debt(a)(b) | (4,244) | (8) | (c)(d) | (4,252) | (855) | (42) | (c)(d) | (897) | ||||||||||||||||||||||||||||||
Notional amounts(b) | ||||||||
| (in billions) | September 30, 2024 | December 31, 2023 | ||||||
| Interest rate contracts | ||||||||
Swaps | $ | 27,623 | $ | 23,251 | ||||
Futures and forwards | 4,439 | 2,690 | ||||||
Written options | 3,439 | 3,370 | ||||||
Purchased options | 3,455 | 3,362 | ||||||
Total interest rate contracts | 38,956 | 32,673 | ||||||
Credit derivatives(a) | 1,523 | 1,045 | ||||||
Foreign exchange contracts | ||||||||
Cross-currency swaps | 5,002 | 4,721 | ||||||
Spot, futures and forwards | 9,495 | 6,957 | ||||||
Written options | 1,047 | 830 | ||||||
Purchased options | 1,027 | 798 | ||||||
Total foreign exchange contracts | 16,571 | 13,306 | ||||||
| Equity contracts | ||||||||
Swaps | 856 | 639 | ||||||
Futures and forwards | 187 | 157 | ||||||
Written options | 1,016 | 778 | ||||||
Purchased options | 888 | 698 | ||||||
| Total equity contracts | 2,947 | 2,272 | ||||||
| Commodity contracts | ||||||||
Swaps | 134 | 115 | ||||||
Spot, futures and forwards | 211 | 157 | ||||||
Written options | 159 | 130 | ||||||
Purchased options | 135 | 115 | ||||||
Total commodity contracts | 639 | 517 | ||||||
Total derivative notional amounts | $ | 60,636 | $ | 49,813 | ||||
Free-standing derivative receivables and payables(a) | |||||||||||||||||||||||||||||||||||||||||||||||
| Gross derivative receivables | Gross derivative payables | ||||||||||||||||||||||||||||||||||||||||||||||
| September 30, 2024 (in millions) | Not designated as hedges | Designated as hedges | Total derivative receivables | Net derivative receivables(b) | Not designated as hedges | Designated as hedges | Total derivative payables | Net derivative payables(b) | |||||||||||||||||||||||||||||||||||||||
Trading assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate | $ | 306,252 | $ | — | $ | 306,252 | $ | 24,134 | $ | 288,844 | $ | 1 | $ | 288,845 | $ | 8,608 | |||||||||||||||||||||||||||||||
| Credit | 10,522 | — | 10,522 | 609 | 13,973 | — | 13,973 | 1,726 | |||||||||||||||||||||||||||||||||||||||
| Foreign exchange | 195,917 | 556 | 196,473 | 16,989 | 198,116 | 1,880 | 199,996 | 12,648 | |||||||||||||||||||||||||||||||||||||||
| Equity | 98,845 | — | 98,845 | 5,351 | 111,659 | — | 111,659 | 10,610 | |||||||||||||||||||||||||||||||||||||||
| Commodity | 21,619 | 25 | 21,644 | 5,478 | 19,327 | 85 | 19,412 | 5,073 | |||||||||||||||||||||||||||||||||||||||
Total fair value of trading assets and liabilities | $ | 633,155 | $ | 581 | $ | 633,736 | $ | 52,561 | $ | 631,919 | $ | 1,966 | $ | 633,885 | $ | 38,665 | |||||||||||||||||||||||||||||||
| Gross derivative receivables | Gross derivative payables | ||||||||||||||||||||||||||||||||||||||||||||||
| December 31, 2023 (in millions) | Not designated as hedges | Designated as hedges | Total derivative receivables | Net derivative receivables(b) | Not designated as hedges | Designated as hedges | Total derivative payables | Net derivative payables(b) | |||||||||||||||||||||||||||||||||||||||
Trading assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate | $ | 250,689 | $ | 2 | $ | 250,691 | $ | 26,324 | $ | 240,482 | $ | — | $ | 240,482 | $ | 11,896 | |||||||||||||||||||||||||||||||
| Credit | 9,654 | — | 9,654 | 551 | 12,038 | — | 12,038 | 1,089 | |||||||||||||||||||||||||||||||||||||||
| Foreign exchange | 205,010 | 765 | 205,775 | 18,019 | 210,623 | 1,640 | 212,263 | 12,620 | |||||||||||||||||||||||||||||||||||||||
| Equity | 57,689 | — | 57,689 | 4,928 | 65,811 | — | 65,811 | 9,368 | |||||||||||||||||||||||||||||||||||||||
| Commodity | 15,228 | 211 | 15,439 | 5,042 | 16,286 | 92 | 16,378 | 5,874 | |||||||||||||||||||||||||||||||||||||||
Total fair value of trading assets and liabilities | $ | 538,270 | $ | 978 | $ | 539,248 | $ | 54,864 | $ | 545,240 | $ | 1,732 | $ | 546,972 | $ | 40,847 | |||||||||||||||||||||||||||||||
| September 30, 2024 | December 31, 2023 | |||||||||||||||||||||||||||||||||||||
| (in millions) | Gross derivative receivables | Amounts netted on the Consolidated balance sheets | Net derivative receivables | Gross derivative receivables | Amounts netted on the Consolidated balance sheets | Net derivative receivables | ||||||||||||||||||||||||||||||||
U.S. GAAP nettable derivative receivables | ||||||||||||||||||||||||||||||||||||||
| Interest rate contracts: | ||||||||||||||||||||||||||||||||||||||
| Over-the-counter (“OTC”) | $ | 166,047 | $ | (143,724) | $ | 22,323 | $ | 176,901 | $ | (152,703) | $ | 24,198 | ||||||||||||||||||||||||||
| OTC–cleared | 138,294 | (138,158) | 136 | 71,419 | (71,275) | 144 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 241 | (236) | 5 | 402 | (389) | 13 | ||||||||||||||||||||||||||||||||
| Total interest rate contracts | 304,582 | (282,118) | 22,464 | 248,722 | (224,367) | 24,355 | ||||||||||||||||||||||||||||||||
| Credit contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 7,735 | (7,393) | 342 | 7,637 | (7,226) | 411 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 2,684 | (2,520) | 164 | 1,904 | (1,877) | 27 | ||||||||||||||||||||||||||||||||
| Total credit contracts | 10,419 | (9,913) | 506 | 9,541 | (9,103) | 438 | ||||||||||||||||||||||||||||||||
| Foreign exchange contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 194,493 | (179,201) | 15,292 | 203,624 | (187,295) | 16,329 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 314 | (283) | 31 | 469 | (459) | 10 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 21 | — | 21 | 6 | (2) | 4 | ||||||||||||||||||||||||||||||||
| Total foreign exchange contracts | 194,828 | (179,484) | 15,344 | 204,099 | (187,756) | 16,343 | ||||||||||||||||||||||||||||||||
| Equity contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 38,268 | (35,837) | 2,431 | 25,001 | (23,677) | 1,324 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 59,463 | (57,657) | 1,806 | 30,462 | (29,084) | 1,378 | ||||||||||||||||||||||||||||||||
| Total equity contracts | 97,731 | (93,494) | 4,237 | 55,463 | (52,761) | 2,702 | ||||||||||||||||||||||||||||||||
| Commodity contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 11,045 | (8,206) | 2,839 | 8,049 | (5,084) | 2,965 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 106 | (80) | 26 | 133 | (123) | 10 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 8,296 | (7,880) | 416 | 5,214 | (5,190) | 24 | ||||||||||||||||||||||||||||||||
| Total commodity contracts | 19,447 | (16,166) | 3,281 | 13,396 | (10,397) | 2,999 | ||||||||||||||||||||||||||||||||
Derivative receivables with appropriate legal opinion | 627,007 | (581,175) | 45,832 | (d) | 531,221 | (484,384) | 46,837 | (d) | ||||||||||||||||||||||||||||||
Derivative receivables where an appropriate legal opinion has not been either sought or obtained | 6,729 | 6,729 | 8,027 | 8,027 | ||||||||||||||||||||||||||||||||||
Total derivative receivables recognized on the Consolidated balance sheets | $ | 633,736 | $ | 52,561 | $ | 539,248 | $ | 54,864 | ||||||||||||||||||||||||||||||
Collateral not nettable on the Consolidated balance sheets(b)(c) | (23,082) | (22,461) | ||||||||||||||||||||||||||||||||||||
Net amounts | $ | 29,479 | $ | 32,403 | ||||||||||||||||||||||||||||||||||
| September 30, 2024 | December 31, 2023 | |||||||||||||||||||||||||||||||||||||
| (in millions) | Gross derivative payables | Amounts netted on the Consolidated balance sheets | Net derivative payables | Gross derivative payables | Amounts netted on the Consolidated balance sheets | Net derivative payables | ||||||||||||||||||||||||||||||||
U.S. GAAP nettable derivative payables | ||||||||||||||||||||||||||||||||||||||
| Interest rate contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | $ | 144,408 | $ | (137,394) | $ | 7,014 | $ | 161,901 | $ | (152,467) | $ | 9,434 | ||||||||||||||||||||||||||
| OTC–cleared | 142,941 | (142,409) | 532 | 76,007 | (75,729) | 278 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 436 | (434) | 2 | 436 | (390) | 46 | ||||||||||||||||||||||||||||||||
| Total interest rate contracts | 287,785 | (280,237) | 7,548 | 238,344 | (228,586) | 9,758 | ||||||||||||||||||||||||||||||||
| Credit contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 11,419 | (10,083) | 1,336 | 10,332 | (9,313) | 1,019 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 2,334 | (2,164) | 170 | 1,639 | (1,636) | 3 | ||||||||||||||||||||||||||||||||
| Total credit contracts | 13,753 | (12,247) | 1,506 | 11,971 | (10,949) | 1,022 | ||||||||||||||||||||||||||||||||
| Foreign exchange contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 197,375 | (187,064) | 10,311 | 209,386 | (199,173) | 10,213 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 306 | (284) | 22 | 552 | (470) | 82 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 17 | — | 17 | 6 | — | 6 | ||||||||||||||||||||||||||||||||
| Total foreign exchange contracts | 197,698 | (187,348) | 10,350 | 209,944 | (199,643) | 10,301 | ||||||||||||||||||||||||||||||||
| Equity contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 51,106 | (43,393) | 7,713 | 29,999 | (27,360) | 2,639 | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 58,200 | (57,656) | 544 | 33,137 | (29,083) | 4,054 | ||||||||||||||||||||||||||||||||
| Total equity contracts | 109,306 | (101,049) | 8,257 | 63,136 | (56,443) | 6,693 | ||||||||||||||||||||||||||||||||
| Commodity contracts: | ||||||||||||||||||||||||||||||||||||||
| OTC | 9,066 | (6,577) | 2,489 | 8,788 | (5,192) | 3,596 | ||||||||||||||||||||||||||||||||
| OTC–cleared | 80 | (80) | — | 120 | (120) | — | ||||||||||||||||||||||||||||||||
Exchange-traded(a) | 7,682 | (7,682) | — | 5,376 | (5,192) | 184 | ||||||||||||||||||||||||||||||||
| Total commodity contracts | 16,828 | (14,339) | 2,489 | 14,284 | (10,504) | 3,780 | ||||||||||||||||||||||||||||||||
Derivative payables with appropriate legal opinion | 625,370 | (595,220) | 30,150 | (d) | 537,679 | (506,125) | 31,554 | (d) | ||||||||||||||||||||||||||||||
Derivative payables where an appropriate legal opinion has not been either sought or obtained | 8,515 | 8,515 | 9,293 | 9,293 | ||||||||||||||||||||||||||||||||||
Total derivative payables recognized on the Consolidated balance sheets | $ | 633,885 | $ | 38,665 | $ | 546,972 | $ | 40,847 | ||||||||||||||||||||||||||||||
Collateral not nettable on the Consolidated balance sheets(b)(c) | (9,522) | (4,547) | ||||||||||||||||||||||||||||||||||||
Net amounts | $ | 29,143 | $ | 36,300 | ||||||||||||||||||||||||||||||||||
| Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) | ||||||||||||||
| Three months ended September 30, 2024 (in millions) | Amounts reclassified from AOCI to income | Amounts recorded in OCI | Total change in OCI for period | |||||||||||
| Contract type | ||||||||||||||
Interest rate(a) | $ | (716) | $ | 2,071 | $ | 2,787 | ||||||||
Foreign exchange(b) | 43 | 242 | 199 | |||||||||||
| Total | $ | (673) | $ | 2,313 | $ | 2,986 | ||||||||
| Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) | ||||||||||||||
| Three months ended September 30, 2023 (in millions) | Amounts reclassified from AOCI to income | Amounts recorded in OCI | Total change in OCI for period | |||||||||||
| Contract type | ||||||||||||||
Interest rate(a) | $ | (514) | $ | (1,087) | $ | (573) | ||||||||
Foreign exchange(b) | 71 | (122) | (193) | |||||||||||
| Total | $ | (443) | $ | (1,209) | $ | (766) | ||||||||
| Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) | ||||||||||||||
| Nine months ended September 30, 2024 (in millions) | Amounts reclassified from AOCI to income | Amounts recorded in OCI | Total change in OCI for period | |||||||||||
| Contract type | ||||||||||||||
Interest rate(a) | $ | (1,998) | $ | (330) | $ | 1,668 | ||||||||
Foreign exchange(b) | 81 | 198 | 117 | |||||||||||
| Total | $ | (1,917) | $ | (132) | $ | 1,785 | ||||||||
| Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) | ||||||||||||||
| Nine months ended September 30, 2023 (in millions) | Amounts reclassified from AOCI to income | Amounts recorded in OCI | Total change in OCI for period | |||||||||||
| Contract type | ||||||||||||||
Interest rate(a) | $ | (1,416) | $ | (1,825) | $ | (409) | ||||||||
Foreign exchange(b) | 25 | 64 | 39 | |||||||||||
| Total | $ | (1,391) | $ | (1,761) | $ | (370) | ||||||||
| Gains/(losses) recorded in income and other comprehensive income/(loss) | |||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||
| Three months ended September 30, (in millions) | Amounts recorded in income(a)(b) | Amounts recorded in OCI | Amounts recorded in income(a)(b) | Amounts recorded in OCI | |||||||||||||||||||||||||
| Foreign exchange derivatives | $ | 151 | $ | (2,487) | $ | 26 | $ | 1,650 | |||||||||||||||||||||
| Gains/(losses) recorded in income and other comprehensive income/(loss) | |||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||
| Nine months ended September 30, (in millions) | Amounts recorded in income(a)(b) | Amounts recorded in OCI | Amounts recorded in income(a)(b) | Amounts recorded in OCI | |||||||||||||||||||||||||
| Foreign exchange derivatives | $ | 344 | $ | (83) | $ | 231 | $ | 558 | |||||||||||||||||||||
| Derivatives gains/(losses) recorded in income | |||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Contract type | |||||||||||||||||
Interest rate(a) | $ | 122 | $ | (259) | $ | (123) | $ | (385) | |||||||||
Credit(b) | (143) | (39) | (424) | (202) | |||||||||||||
Foreign exchange(c) | 4 | (22) | 32 | 21 | |||||||||||||
| Total | $ | (17) | $ | (320) | $ | (515) | $ | (566) | |||||||||
| Maximum payout/Notional amount | ||||||||||||||||||||||||||
| September 30, 2024 (in millions) | Protection sold | Protection purchased with identical underlyings(c) | Net protection (sold)/purchased(d) | Other protection purchased(e) | ||||||||||||||||||||||
| Credit derivatives | ||||||||||||||||||||||||||
| Credit default swaps | $ | (599,707) | $ | 611,107 | $ | 11,400 | $ | 5,328 | ||||||||||||||||||
Other credit derivatives(a) | (133,344) | 162,202 | 28,858 | 10,972 | ||||||||||||||||||||||
| Total credit derivatives | (733,051) | 773,309 | 40,258 | 16,300 | ||||||||||||||||||||||
Credit-related notes(b) | — | — | — | 11,481 | ||||||||||||||||||||||
| Total | $ | (733,051) | $ | 773,309 | $ | 40,258 | $ | 27,781 | ||||||||||||||||||
| Maximum payout/Notional amount | ||||||||||||||||||||||||||
| December 31, 2023 (in millions) | Protection sold | Protection purchased with identical underlyings(c) | Net protection (sold)/purchased(d) | Other protection purchased(e) | ||||||||||||||||||||||
| Credit derivatives | ||||||||||||||||||||||||||
| Credit default swaps | $ | (450,172) | $ | 473,823 | $ | 23,651 | $ | 7,517 | ||||||||||||||||||
Other credit derivatives(a) | (38,846) | 45,416 | 6,570 | 29,206 | ||||||||||||||||||||||
| Total credit derivatives | (489,018) | 519,239 | 30,221 | 36,723 | ||||||||||||||||||||||
Credit-related notes(b) | — | — | — | 9,788 | ||||||||||||||||||||||
| Total | $ | (489,018) | $ | 519,239 | $ | 30,221 | $ | 46,511 | ||||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | ||||||||||
Trading revenue by instrument type | ||||||||||||||
Interest rate(a) | $ | 711 | $ | 1,383 | $ | 2,717 | $ | 4,950 | ||||||
Credit(b) | 319 | 487 | 1,457 | 1,540 | ||||||||||
| Foreign exchange | 1,259 | 1,219 | 3,872 | 4,205 | ||||||||||
| Equity | 3,342 | 2,677 | 10,720 | 8,311 | ||||||||||
| Commodity | 359 | 450 | 805 | 1,744 | ||||||||||
| Total trading revenue | 5,990 | 6,216 | 19,571 | 20,750 | ||||||||||
Private equity gains/(losses) | (2) | (6) | 21 | (15) | ||||||||||
Principal transactions | $ | 5,988 | $ | 6,210 | $ | 19,592 | $ | 20,735 | ||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | ||||||||||||||||
Interchange and merchant processing income | $ | 8,543 | $ | 7,914 | $ | 24,894 | $ | 22,938 | ||||||||||||
| Rewards costs and partner payments | (6,833) | (6,283) | (19,793) | (18,184) | ||||||||||||||||
Other card income(a) | (365) | (422) | (1,206) | (1,217) | ||||||||||||||||
Total card income | $ | 1,345 | $ | 1,209 | $ | 3,895 | $ | 3,537 | ||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Interest income | |||||||||||||||||
Loans(a) | $ | 23,509 | $ | 22,311 | $ | 69,281 | $ | 60,325 | |||||||||
| Taxable securities | 5,849 | 4,513 | 15,844 | 12,674 | |||||||||||||
Non-taxable securities(b) | 298 | 360 | 923 | 951 | |||||||||||||
Total investment securities(a) | 6,147 | 4,873 | 16,767 | 13,625 | |||||||||||||
| Trading assets - debt instruments | 5,613 | 4,164 | 15,198 | 11,823 | |||||||||||||
| Federal funds sold and securities purchased under resale agreements | 5,226 | 3,951 | 14,262 | 10,849 | |||||||||||||
| Securities borrowed | 2,478 | 2,085 | 6,821 | 5,667 | |||||||||||||
| Deposits with banks | 5,366 | 5,270 | 17,811 | 15,278 | |||||||||||||
All other interest-earning assets(c) | 2,077 | 1,902 | 6,227 | 5,637 | |||||||||||||
| Total interest income | $ | 50,416 | $ | 44,556 | $ | 146,367 | $ | 123,204 | |||||||||
| Interest expense | |||||||||||||||||
| Interest-bearing deposits | $ | 12,914 | $ | 10,796 | $ | 37,569 | $ | 28,024 | |||||||||
| Federal funds purchased and securities loaned or sold under repurchase agreements | 5,733 | 3,523 | 14,810 | 9,727 | |||||||||||||
| Short-term borrowings | 542 | 512 | 1,579 | 1,361 | |||||||||||||
Trading liabilities – debt and all other interest-bearing liabilities(d) | 2,632 | 2,463 | 7,872 | 6,807 | |||||||||||||
| Long-term debt | 4,838 | 4,239 | 14,236 | 11,428 | |||||||||||||
| Beneficial interest issued by consolidated VIEs | 352 | 297 | 1,068 | 641 | |||||||||||||
| Total interest expense | $ | 27,011 | $ | 21,830 | $ | 77,134 | $ | 57,988 | |||||||||
| Net interest income | $ | 23,405 | $ | 22,726 | $ | 69,233 | $ | 65,216 | |||||||||
| Provision for credit losses | 3,111 | 1,384 | 8,047 | 6,558 | |||||||||||||
| Net interest income after provision for credit losses | $ | 20,294 | $ | 21,342 | $ | 61,186 | $ | 58,658 | |||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Total net periodic defined benefit plan cost/(credit) | $ | (114) | $ | (104) | $ | (342) | $ | (292) | |||||||||
Total defined contribution plans | 461 | 403 | 1,292 | 1,165 | |||||||||||||
Total pension and OPEB cost included in noninterest expense | $ | 347 | $ | 299 | $ | 950 | $ | 873 | |||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||
| Cost of prior grants of restricted stock units (“RSUs”), performance share units (“PSUs”) and stock appreciation rights (“SARs”) that are amortized over their applicable vesting periods | $ | 359 | $ | 363 | $ | 1,224 | $ | 1,169 | |||||||||||||||
| Accrual of estimated costs of share-based awards to be granted in future periods, predominantly those to full-career eligible employees | 490 | 419 | 1,507 | 1,317 | |||||||||||||||||||
| Total noncash compensation expense related to employee share-based incentive plans | $ | 849 | $ | 782 | $ | 2,731 | $ | 2,486 | |||||||||||||||
| September 30, 2024 | December 31, 2023 | ||||||||||||||||||||||||||||||||||
| (in millions) | Amortized cost(d)(e) | Gross unrealized gains | Gross unrealized losses | Fair value | Amortized cost(d)(e) | Gross unrealized gains | Gross unrealized losses | Fair value | |||||||||||||||||||||||||||
| Available-for-sale securities | |||||||||||||||||||||||||||||||||||
| Mortgage-backed securities: | |||||||||||||||||||||||||||||||||||
| U.S. GSEs and government agencies | $ | 83,081 | $ | 1,280 | $ | 2,498 | $ | 81,863 | $ | 88,377 | $ | 870 | $ | 4,077 | $ | 85,170 | |||||||||||||||||||
| Residential: | |||||||||||||||||||||||||||||||||||
| U.S. | 3,321 | 33 | 33 | 3,321 | 2,086 | 10 | 68 | 2,028 | |||||||||||||||||||||||||||
| Non-U.S. | 733 | 3 | — | 736 | 1,608 | 4 | 1 | 1,611 | |||||||||||||||||||||||||||
| Commercial | 3,651 | 32 | 74 | 3,609 | 2,930 | 12 | 139 | 2,803 | |||||||||||||||||||||||||||
| Total mortgage-backed securities | 90,786 | 1,348 | 2,605 | 89,529 | 95,001 | 896 | 4,285 | 91,612 | |||||||||||||||||||||||||||
| U.S. Treasury and government agencies | 170,989 | 1,433 | 240 | 172,182 | 58,051 | 276 | 522 | 57,805 | |||||||||||||||||||||||||||
| Obligations of U.S. states and municipalities | 18,112 | 340 | 247 | 18,205 | 21,243 | 390 | 266 | 21,367 | |||||||||||||||||||||||||||
| Non-U.S. government debt securities | 42,627 | 229 | 303 | 42,553 | 21,387 | 254 | 359 | 21,282 | |||||||||||||||||||||||||||
| Corporate debt securities | 70 | — | 9 | 61 | 128 | — | 28 | 100 | |||||||||||||||||||||||||||
| Asset-backed securities: | |||||||||||||||||||||||||||||||||||
| Collateralized loan obligations | 9,655 | 32 | 5 | 9,682 | 6,769 | 11 | 28 | 6,752 | |||||||||||||||||||||||||||
| Other | 2,318 | 26 | 8 | 2,336 | 2,804 | 8 | 26 | 2,786 | |||||||||||||||||||||||||||
Unallocated portfolio layer fair value basis adjustments(a) | 694 | (694) | — | NA | 73 | (73) | — | NA | |||||||||||||||||||||||||||
| Total available-for-sale securities | 335,251 | 2,714 | 3,417 | 334,548 | 205,456 | 1,762 | 5,514 | 201,704 | |||||||||||||||||||||||||||
Held-to-maturity securities(b) | |||||||||||||||||||||||||||||||||||
| Mortgage-backed securities: | |||||||||||||||||||||||||||||||||||
| U.S. GSEs and government agencies | 99,328 | 94 | 9,641 | 89,781 | 105,614 | 39 | 11,643 | 94,010 | |||||||||||||||||||||||||||
| U.S. Residential | 8,874 | 11 | 688 | 8,197 | 9,709 | 4 | 970 | 8,743 | |||||||||||||||||||||||||||
| Commercial | 9,324 | 48 | 315 | 9,057 | 10,534 | 13 | 581 | 9,966 | |||||||||||||||||||||||||||
| Total mortgage-backed securities | 117,526 | 153 | 10,644 | 107,035 | 125,857 | 56 | 13,194 | 112,719 | |||||||||||||||||||||||||||
| U.S. Treasury and government agencies | 123,504 | — | 9,343 | 114,161 | 173,666 | — | 13,074 | 160,592 | |||||||||||||||||||||||||||
| Obligations of U.S. states and municipalities | 9,426 | 54 | 542 | 8,938 | 9,945 | 74 | 591 | 9,428 | |||||||||||||||||||||||||||
| Asset-backed securities: | |||||||||||||||||||||||||||||||||||
| Collateralized loan obligations | 47,999 | 68 | 24 | 48,043 | 58,565 | 47 | 352 | 58,260 | |||||||||||||||||||||||||||
| Other | 1,499 | 2 | 37 | 1,464 | 1,815 | 1 | 61 | 1,755 | |||||||||||||||||||||||||||
Total held-to-maturity securities(c) | 299,954 | 277 | 20,590 | 279,641 | 369,848 | 178 | 27,272 | 342,754 | |||||||||||||||||||||||||||
| Total investment securities, net of allowance for credit losses | $ | 635,205 | $ | 2,991 | $ | 24,007 | $ | 614,189 | $ | 575,304 | $ | 1,940 | $ | 32,786 | $ | 544,458 | |||||||||||||||||||
| September 30, 2024 | December 31, 2023 | ||||||||||||||||||||||||||||||||||
| (in millions) | Amortized cost(d)(e) | Gross unrealized gains | Gross unrealized losses | Fair value | Amortized cost(d)(e) | Gross unrealized gains | Gross unrealized losses | Fair value | |||||||||||||||||||||||||||
| Available-for-sale securities | |||||||||||||||||||||||||||||||||||
| Mortgage-backed securities: | |||||||||||||||||||||||||||||||||||
| U.S. GSEs and government agencies | $ | 83,081 | $ | 1,280 | $ | 2,498 | $ | 81,863 | $ | 88,377 | $ | 870 | $ | 4,077 | $ | 85,170 | |||||||||||||||||||
| Residential: | |||||||||||||||||||||||||||||||||||
| U.S. | 3,321 | 33 | 33 | 3,321 | 2,086 | 10 | 68 | 2,028 | |||||||||||||||||||||||||||
| Non-U.S. | 733 | 3 | — | 736 | 1,608 | 4 | 1 | 1,611 | |||||||||||||||||||||||||||
| Commercial | 3,651 | 32 | 74 | 3,609 | 2,930 | 12 | 139 | 2,803 | |||||||||||||||||||||||||||
| Total mortgage-backed securities | 90,786 | 1,348 | 2,605 | 89,529 | 95,001 | 896 | 4,285 | 91,612 | |||||||||||||||||||||||||||
| U.S. Treasury and government agencies | 170,989 | 1,433 | 240 | 172,182 | 58,051 | 276 | 522 | 57,805 | |||||||||||||||||||||||||||
| Obligations of U.S. states and municipalities | 18,112 | 340 | 247 | 18,205 | 21,243 | 390 | 266 | 21,367 | |||||||||||||||||||||||||||
| Non-U.S. government debt securities | 42,627 | 229 | 303 | 42,553 | 21,387 | 254 | 359 | 21,282 | |||||||||||||||||||||||||||
| Corporate debt securities | 70 | — | 9 | 61 | 128 | — | 28 | 100 | |||||||||||||||||||||||||||
| Asset-backed securities: | |||||||||||||||||||||||||||||||||||
| Collateralized loan obligations | 9,655 | 32 | 5 | 9,682 | 6,769 | 11 | 28 | 6,752 | |||||||||||||||||||||||||||
| Other | 2,318 | 26 | 8 | 2,336 | 2,804 | 8 | 26 | 2,786 | |||||||||||||||||||||||||||
Unallocated portfolio layer fair value basis adjustments(a) | 694 | (694) | — | NA | 73 | (73) | — | NA | |||||||||||||||||||||||||||
| Total available-for-sale securities | 335,251 | 2,714 | 3,417 | 334,548 | 205,456 | 1,762 | 5,514 | 201,704 | |||||||||||||||||||||||||||
Held-to-maturity securities(b) | |||||||||||||||||||||||||||||||||||
| Mortgage-backed securities: | |||||||||||||||||||||||||||||||||||
| U.S. GSEs and government agencies | 99,328 | 94 | 9,641 | 89,781 | 105,614 | 39 | 11,643 | 94,010 | |||||||||||||||||||||||||||
| U.S. Residential | 8,874 | 11 | 688 | 8,197 | 9,709 | 4 | 970 | 8,743 | |||||||||||||||||||||||||||
| Commercial | 9,324 | 48 | 315 | 9,057 | 10,534 | 13 | 581 | 9,966 | |||||||||||||||||||||||||||
| Total mortgage-backed securities | 117,526 | 153 | 10,644 | 107,035 | 125,857 | 56 | 13,194 | 112,719 | |||||||||||||||||||||||||||
| U.S. Treasury and government agencies | 123,504 | — | 9,343 | 114,161 | 173,666 | — | 13,074 | 160,592 | |||||||||||||||||||||||||||
| Obligations of U.S. states and municipalities | 9,426 | 54 | 542 | 8,938 | 9,945 | 74 | 591 | 9,428 | |||||||||||||||||||||||||||
| Asset-backed securities: | |||||||||||||||||||||||||||||||||||
| Collateralized loan obligations | 47,999 | 68 | 24 | 48,043 | 58,565 | 47 | 352 | 58,260 | |||||||||||||||||||||||||||
| Other | 1,499 | 2 | 37 | 1,464 | 1,815 | 1 | 61 | 1,755 | |||||||||||||||||||||||||||
Total held-to-maturity securities(c) | 299,954 | 277 | 20,590 | 279,641 | 369,848 | 178 | 27,272 | 342,754 | |||||||||||||||||||||||||||
| Total investment securities, net of allowance for credit losses | $ | 635,205 | $ | 2,991 | $ | 24,007 | $ | 614,189 | $ | 575,304 | $ | 1,940 | $ | 32,786 | $ | 544,458 | |||||||||||||||||||
| Available-for-sale securities with gross unrealized losses | ||||||||||||||||||||||||||
| Less than 12 months | 12 months or more | |||||||||||||||||||||||||
| September 30, 2024 (in millions) | Fair value | Gross unrealized losses | Fair value | Gross unrealized losses | Total fair value | Total gross unrealized losses | ||||||||||||||||||||
| Available-for-sale securities | ||||||||||||||||||||||||||
| Mortgage-backed securities: | ||||||||||||||||||||||||||
| Residential: | ||||||||||||||||||||||||||
U.S. | $ | 110 | $ | — | $ | 975 | $ | 33 | $ | 1,085 | $ | 33 | ||||||||||||||
| Non-U.S. | — | — | — | — | — | — | ||||||||||||||||||||
| Commercial | 164 | 2 | 1,304 | 72 | 1,468 | 74 | ||||||||||||||||||||
| Total mortgage-backed securities | 274 | 2 | 2,279 | 105 | 2,553 | 107 | ||||||||||||||||||||
| Obligations of U.S. states and municipalities | 1,931 | 19 | 2,337 | 228 | 4,268 | 247 | ||||||||||||||||||||
| Non-U.S. government debt securities | 6,510 | 41 | 4,500 | 262 | 11,010 | 303 | ||||||||||||||||||||
| Corporate debt securities | — | — | 17 | 9 | 17 | 9 | ||||||||||||||||||||
| Asset-backed securities: | ||||||||||||||||||||||||||
| Collateralized loan obligations | 395 | — | 516 | 5 | 911 | 5 | ||||||||||||||||||||
| Other | 119 | — | 316 | 8 | 435 | 8 | ||||||||||||||||||||
Total available-for-sale securities with gross unrealized losses | $ | 9,229 | $ | 62 | $ | 9,965 | $ | 617 | $ | 19,194 | $ | 679 | ||||||||||||||
| Available-for-sale securities with gross unrealized losses | ||||||||||||||||||||||||||
| Less than 12 months | 12 months or more | |||||||||||||||||||||||||
| December 31, 2023 (in millions) | Fair value | Gross unrealized losses | Fair value | Gross unrealized losses | Total fair value | Total gross unrealized losses | ||||||||||||||||||||
| Available-for-sale securities | ||||||||||||||||||||||||||
| Mortgage-backed securities: | ||||||||||||||||||||||||||
| Residential: | ||||||||||||||||||||||||||
| U.S. | $ | 81 | $ | — | $ | 1,160 | $ | 68 | $ | 1,241 | $ | 68 | ||||||||||||||
| Non-U.S. | — | — | 722 | 1 | 722 | 1 | ||||||||||||||||||||
| Commercial | 228 | 3 | 1,775 | 136 | 2,003 | 139 | ||||||||||||||||||||
| Total mortgage-backed securities | 309 | 3 | 3,657 | 205 | 3,966 | 208 | ||||||||||||||||||||
| Obligations of U.S. states and municipalities | 2,134 | 20 | 2,278 | 246 | 4,412 | 266 | ||||||||||||||||||||
| Non-U.S. government debt securities | 7,145 | 23 | 4,987 | 336 | 12,132 | 359 | ||||||||||||||||||||
| Corporate debt securities | 9 | — | 79 | 28 | 88 | 28 | ||||||||||||||||||||
| Asset-backed securities: | ||||||||||||||||||||||||||
| Collateralized loan obligations | 932 | 2 | 3,744 | 26 | 4,676 | 28 | ||||||||||||||||||||
| Other | 208 | 1 | 1,288 | 25 | 1,496 | 26 | ||||||||||||||||||||
| Total available-for-sale securities with gross unrealized losses | $ | 10,737 | $ | 49 | $ | 16,033 | $ | 866 | $ | 26,770 | $ | 915 | ||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | ||||||||||||||||
| Realized gains | $ | 298 | $ | 16 | $ | 535 | $ | 345 | ||||||||||||
| Realized losses | (314) | (685) | (1,464) | (2,782) | ||||||||||||||||
| Investment securities losses | $ | (16) | $ | (669) | $ | (929) | $ | (2,437) | ||||||||||||
| Provision for credit losses | $ | (2) | $ | 13 | $ | 47 | $ | 27 | ||||||||||||
| By remaining maturity September 30, 2024 (in millions) | Due in one year or less | Due after one year through five years | Due after five years through 10 years | Due after 10 years(c) | Total | ||||||||||||||||||
| Available-for-sale securities | |||||||||||||||||||||||
| Mortgage-backed securities | |||||||||||||||||||||||
| Amortized cost | $ | 3 | $ | 6,666 | $ | 4,501 | $ | 79,616 | $ | 90,786 | |||||||||||||
| Fair value | 3 | 6,674 | 4,557 | 78,295 | 89,529 | ||||||||||||||||||
Average yield(a) | 4.65 | % | 4.80 | % | 5.54 | % | 4.91 | % | 4.94 | % | |||||||||||||
| U.S. Treasury and government agencies | |||||||||||||||||||||||
| Amortized cost | $ | — | $ | 124,332 | $ | 39,682 | $ | 6,975 | $ | 170,989 | |||||||||||||
| Fair value | — | 125,501 | 39,785 | 6,896 | 172,182 | ||||||||||||||||||
Average yield(a) | — | % | 4.90 | % | 5.40 | % | 5.79 | % | 5.05 | % | |||||||||||||
| Obligations of U.S. states and municipalities | |||||||||||||||||||||||
| Amortized cost | $ | 9 | $ | 14 | $ | 66 | $ | 18,023 | $ | 18,112 | |||||||||||||
| Fair value | 9 | 13 | 66 | 18,117 | 18,205 | ||||||||||||||||||
Average yield(a) | 1.47 | % | 3.19 | % | 4.25 | % | 5.82 | % | 5.81 | % | |||||||||||||
| Non-U.S. government debt securities | |||||||||||||||||||||||
| Amortized cost | $ | 19,745 | $ | 10,621 | $ | 6,796 | $ | 5,465 | $ | 42,627 | |||||||||||||
| Fair value | 19,753 | 10,615 | 6,685 | 5,500 | 42,553 | ||||||||||||||||||
Average yield(a) | 4.64 | % | 4.45 | % | 2.85 | % | 3.86 | % | 4.21 | % | |||||||||||||
| Corporate debt securities | |||||||||||||||||||||||
| Amortized cost | $ | 108 | $ | 9 | $ | 5 | $ | — | $ | 122 | |||||||||||||
| Fair value | 47 | 9 | 5 | — | 61 | ||||||||||||||||||
Average yield(a) | 13.80 | % | 4.06 | % | 4.19 | % | — | % | 12.70 | % | |||||||||||||
| Asset-backed securities | |||||||||||||||||||||||
| Amortized cost | $ | 5 | $ | 342 | $ | 2,248 | $ | 9,378 | $ | 11,973 | |||||||||||||
| Fair value | 5 | 343 | 2,259 | 9,411 | 12,018 | ||||||||||||||||||
Average yield(a) | 6.16 | % | 5.91 | % | 6.36 | % | 6.51 | % | 6.47 | % | |||||||||||||
| Total available-for-sale securities | |||||||||||||||||||||||
Amortized cost(b) | $ | 19,870 | $ | 141,984 | $ | 53,298 | $ | 119,457 | $ | 334,609 | |||||||||||||
| Fair value | 19,817 | 143,155 | 53,357 | 118,219 | 334,548 | ||||||||||||||||||
Average yield(a) | 4.69 | % | 4.86 | % | 5.12 | % | 5.18 | % | 5.02 | % | |||||||||||||
| Held-to-maturity securities | |||||||||||||||||||||||
| Mortgage-backed securities | |||||||||||||||||||||||
| Amortized cost | $ | — | $ | 7,383 | $ | 6,988 | $ | 103,255 | $ | 117,626 | |||||||||||||
| Fair value | — | 7,034 | 6,387 | 93,614 | 107,035 | ||||||||||||||||||
Average yield(a) | — | % | 2.63 | % | 2.61 | % | 2.99 | % | 2.94 | % | |||||||||||||
| U.S. Treasury and government agencies | |||||||||||||||||||||||
| Amortized cost | $ | 18,840 | $ | 56,638 | $ | 48,026 | $ | — | $ | 123,504 | |||||||||||||
| Fair value | 18,652 | 53,670 | 41,839 | — | 114,161 | ||||||||||||||||||
Average yield(a) | 0.84 | % | 0.99 | % | 1.25 | % | — | % | 1.07 | % | |||||||||||||
| Obligations of U.S. states and municipalities | |||||||||||||||||||||||
| Amortized cost | $ | — | $ | — | $ | 304 | $ | 9,145 | $ | 9,449 | |||||||||||||
| Fair value | — | — | 278 | 8,660 | 8,938 | ||||||||||||||||||
Average yield(a) | — | % | — | % | 3.29 | % | 3.94 | % | 3.92 | % | |||||||||||||
| Asset-backed securities | |||||||||||||||||||||||
| Amortized cost | $ | — | $ | 125 | $ | 20,626 | $ | 28,747 | $ | 49,498 | |||||||||||||
| Fair value | — | 125 | 20,645 | 28,737 | 49,507 | ||||||||||||||||||
Average yield(a) | — | % | 6.52 | % | 6.05 | % | 6.51 | % | 6.32 | % | |||||||||||||
| Total held-to-maturity securities | |||||||||||||||||||||||
Amortized cost(b) | $ | 18,840 | $ | 64,146 | $ | 75,944 | $ | 141,147 | $ | 300,077 | |||||||||||||
| Fair value | 18,652 | 60,829 | 69,149 | 131,011 | 279,641 | ||||||||||||||||||
Average yield(a) | 0.84 | % | 1.19 | % | 2.69 | % | 3.77 | % | 2.76 | % | |||||||||||||
| September 30, 2024 | ||||||||||||||||||||
| (in millions) | Gross amounts | Amounts netted on the Consolidated balance sheets | Amounts presented on the Consolidated balance sheets | Amounts not nettable on the Consolidated balance sheets(b) | Net amounts(c) | |||||||||||||||
Assets | ||||||||||||||||||||
Securities purchased under resale agreements | $ | 695,230 | $ | (304,409) | $ | 390,821 | $ | (376,898) | $ | 13,923 | ||||||||||
Securities borrowed | 305,198 | (52,764) | 252,434 | (191,878) | 60,556 | |||||||||||||||
Liabilities | ||||||||||||||||||||
| Securities sold under repurchase agreements | $ | 688,549 | $ | (304,409) | $ | 384,140 | $ | (339,430) | $ | 44,710 | ||||||||||
Securities loaned and other(a) | 63,109 | (52,764) | 10,345 | (10,230) | 115 | |||||||||||||||
| December 31, 2023 | ||||||||||||||||||||
| (in millions) | Gross amounts | Amounts netted on the Consolidated balance sheets | Amounts presented on the Consolidated balance sheets | Amounts not nettable on the Consolidated balance sheets(b) | Net amounts(c) | |||||||||||||||
Assets | ||||||||||||||||||||
Securities purchased under resale agreements | $ | 523,308 | $ | (247,181) | $ | 276,127 | $ | (267,582) | $ | 8,545 | ||||||||||
Securities borrowed | 244,046 | (43,610) | 200,436 | (144,543) | 55,893 | |||||||||||||||
Liabilities | ||||||||||||||||||||
| Securities sold under repurchase agreements | $ | 459,985 | $ | (247,181) | $ | 212,804 | $ | (182,011) | $ | 30,793 | ||||||||||
Securities loaned and other(a) | 52,142 | (43,610) | 8,532 | (8,501) | 31 | |||||||||||||||
| Gross liability balance | |||||||||||||||||||||||
| September 30, 2024 | December 31, 2023 | ||||||||||||||||||||||
| (in millions) | Securities sold under repurchase agreements | Securities loaned and other | Securities sold under repurchase agreements | Securities loaned and other | |||||||||||||||||||
| Mortgage-backed securities | |||||||||||||||||||||||
| U.S. GSEs and government agencies | $ | 85,012 | $ | — | $ | 71,064 | $ | — | |||||||||||||||
| Residential - nonagency | 2,487 | — | 2,292 | — | |||||||||||||||||||
| Commercial - nonagency | 2,142 | — | 2,669 | — | |||||||||||||||||||
| U.S. Treasury, GSEs and government agencies | 343,191 | 651 | 216,467 | 1,034 | |||||||||||||||||||
| Obligations of U.S. states and municipalities | 2,061 | — | 2,323 | — | |||||||||||||||||||
| Non-U.S. government debt | 156,594 | 1,251 | 97,400 | 1,455 | |||||||||||||||||||
| Corporate debt securities | 49,049 | 1,785 | 39,247 | 2,025 | |||||||||||||||||||
| Asset-backed securities | 4,352 | — | 2,703 | — | |||||||||||||||||||
| Equity securities | 43,661 | 59,422 | 25,820 | 47,628 | |||||||||||||||||||
Total | $ | 688,549 | $ | 63,109 | $ | 459,985 | $ | 52,142 | |||||||||||||||
| Remaining contractual maturity of the agreements | |||||||||||||||||||||||||||||
| Overnight and continuous | Greater than 90 days | ||||||||||||||||||||||||||||
| September 30, 2024 (in millions) | Up to 30 days | 30 – 90 days | Total | ||||||||||||||||||||||||||
| Total securities sold under repurchase agreements | $ | 344,955 | $ | 206,101 | $ | 35,302 | $ | 102,191 | $ | 688,549 | |||||||||||||||||||
| Total securities loaned and other | 59,993 | — | 6 | 3,110 | 63,109 | ||||||||||||||||||||||||
| Remaining contractual maturity of the agreements | |||||||||||||||||||||||||||||
| Overnight and continuous | Greater than 90 days | ||||||||||||||||||||||||||||
| December 31, 2023 (in millions) | Up to 30 days | 30 – 90 days | Total | ||||||||||||||||||||||||||
| Total securities sold under repurchase agreements | $ | 259,048 | $ | 102,941 | $ | 20,960 | $ | 77,036 | $ | 459,985 | |||||||||||||||||||
| Total securities loaned and other | 49,610 | 1,544 | — | 988 | 52,142 | ||||||||||||||||||||||||
| (in millions, except ratios) | September 30, 2024 | ||||||||||||||||||||||||||||||||||
Term loans by origination year(c) | Revolving loans | Total | |||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Within the revolving period | Converted to term loans | ||||||||||||||||||||||||||||
Loan delinquency(a) | |||||||||||||||||||||||||||||||||||
Current | $ | 8,330 | $ | 18,007 | $ | 62,087 | $ | 80,903 | $ | 53,025 | $ | 72,660 | $ | 6,776 | $ | 7,331 | $ | 309,119 | |||||||||||||||||
30–149 days past due | 2 | 18 | 155 | 114 | 53 | 749 | 59 | 199 | 1,349 | ||||||||||||||||||||||||||
150 or more days past due | — | 5 | 62 | 56 | 43 | 551 | 8 | 145 | 870 | ||||||||||||||||||||||||||
Total retained loans | $ | 8,332 | $ | 18,030 | $ | 62,304 | $ | 81,073 | $ | 53,121 | $ | 73,960 | $ | 6,843 | $ | 7,675 | $ | 311,338 | |||||||||||||||||
% of 30+ days past due to total retained loans(b) | 0.02 | % | 0.13 | % | 0.35 | % | 0.21 | % | 0.18 | % | 1.74 | % | 0.98 | % | 4.48 | % | 0.71 | % | |||||||||||||||||
| Gross charge-offs | $ | — | $ | — | $ | 1 | $ | 1 | $ | — | $ | 149 | $ | 14 | $ | 4 | $ | 169 | |||||||||||||||||
| (in millions, except ratios) | December 31, 2023 | ||||||||||||||||||||||||||||||||||
Term loans by origination year(c) | Revolving loans | Total | |||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Within the revolving period | Converted to term loans | ||||||||||||||||||||||||||||
Loan delinquency(a) | |||||||||||||||||||||||||||||||||||
| Current | $ | 23,216 | $ | 64,366 | $ | 84,496 | $ | 55,546 | $ | 21,530 | $ | 59,563 | $ | 7,479 | $ | 8,151 | $ | 324,347 | |||||||||||||||||
30–149 days past due | 33 | 74 | 89 | 70 | 41 | 801 | 49 | 223 | 1,380 | ||||||||||||||||||||||||||
150 or more days past due | 1 | 10 | 17 | 8 | 21 | 456 | 5 | 164 | 682 | ||||||||||||||||||||||||||
Total retained loans | $ | 23,250 | $ | 64,450 | $ | 84,602 | $ | 55,624 | $ | 21,592 | $ | 60,820 | $ | 7,533 | $ | 8,538 | $ | 326,409 | |||||||||||||||||
% of 30+ days past due to total retained loans(b) | 0.15 | % | 0.13 | % | 0.13 | % | 0.14 | % | 0.29 | % | 2.04 | % | 0.72 | % | 4.53 | % | 0.63 | % | |||||||||||||||||
Gross charge-offs | $ | — | $ | — | $ | — | $ | — | $ | 4 | $ | 167 | $ | 26 | $ | 7 | $ | 204 | |||||||||||||||||
| (in millions, except weighted-average data) | September 30, 2024 | December 31, 2023 | |||||||||
Nonaccrual loans(a)(b)(c)(d) | $ | 3,083 | $ | 3,466 | |||||||
Current estimated LTV ratios(e)(f)(g) | |||||||||||
Greater than 125% and refreshed FICO scores: | |||||||||||
| Equal to or greater than 660 | $ | 72 | $ | 72 | |||||||
| Less than 660 | — | — | |||||||||
101% to 125% and refreshed FICO scores: | |||||||||||
| Equal to or greater than 660 | 146 | 223 | |||||||||
| Less than 660 | 5 | 4 | |||||||||
80% to 100% and refreshed FICO scores: | |||||||||||
| Equal to or greater than 660 | 4,949 | 6,491 | |||||||||
| Less than 660 | 75 | 102 | |||||||||
Less than 80% and refreshed FICO scores: | |||||||||||
| Equal to or greater than 660 | 296,443 | 309,251 | |||||||||
| Less than 660 | 8,818 | 9,277 | |||||||||
No FICO/LTV available(h) | 830 | 989 | |||||||||
Total retained loans | $ | 311,338 | $ | 326,409 | |||||||
Weighted-average LTV ratio(e)(i) | 47 | % | 49 | % | |||||||
Weighted-average FICO(f)(i) | 774 | 770 | |||||||||
Geographic region(h)(j) | |||||||||||
| California | $ | 121,688 | $ | 127,072 | |||||||
| New York | 47,198 | 48,815 | |||||||||
| Florida | 21,834 | 22,778 | |||||||||
| Texas | 14,638 | 15,506 | |||||||||
| Massachusetts | 13,619 | 14,213 | |||||||||
| Colorado | 10,450 | 10,800 | |||||||||
| Illinois | 10,033 | 10,856 | |||||||||
| Washington | 9,415 | 9,923 | |||||||||
| New Jersey | 7,609 | 8,050 | |||||||||
| Connecticut | 6,879 | 7,163 | |||||||||
| All other | 47,975 | 51,233 | |||||||||
Total retained loans | $ | 311,338 | $ | 326,409 | |||||||
| September 30, 2024 | ||||||||||||||||||||||||||||||||
(in millions, except ratios) | Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Within the revolving period | Converted to term loans | Total | ||||||||||||||||||||||||
| Loan delinquency | ||||||||||||||||||||||||||||||||
Current | $ | 20,542 | $ | 17,877 | $ | 10,524 | $ | 8,347 | $ | 3,703 | $ | 903 | $ | 3,531 | $ | 131 | $ | 65,558 | ||||||||||||||
| 30–119 days past due | 151 | 258 | 250 | 187 | 55 | 29 | 33 | 34 | 997 | |||||||||||||||||||||||
| 120 or more days past due | 1 | 1 | — | 4 | 7 | 1 | 1 | 30 | 45 | |||||||||||||||||||||||
| Total retained loans | $ | 20,694 | $ | 18,136 | $ | 10,774 | $ | 8,538 | $ | 3,765 | $ | 933 | $ | 3,565 | $ | 195 | $ | 66,600 | ||||||||||||||
% of 30+ days past due to total retained loans | 0.73 | % | 1.43 | % | 2.32 | % | 2.24 | % | 1.65 | % | 3.22 | % | 0.95 | % | 32.82 | % | 1.56 | % | ||||||||||||||
| Gross charge-offs | $ | 169 | $ | 268 | $ | 171 | $ | 96 | $ | 30 | $ | 64 | $ | — | $ | 4 | $ | 802 | ||||||||||||||
| December 31, 2023 | ||||||||||||||||||||||||||||||||
(in millions, except ratios) | Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Within the revolving period | Converted to term loans | Total | ||||||||||||||||||||||||
| Loan delinquency | ||||||||||||||||||||||||||||||||
Current | $ | 30,328 | $ | 14,797 | $ | 12,825 | $ | 6,538 | $ | 1,777 | $ | 511 | $ | 2,984 | $ | 102 | $ | 69,862 | ||||||||||||||
| 30–119 days past due | 276 | 279 | 231 | 78 | 43 | 17 | 19 | 24 | 967 | |||||||||||||||||||||||
| 120 or more days past due | 1 | 1 | 7 | 8 | — | — | 3 | 17 | 37 | |||||||||||||||||||||||
| Total retained loans | $ | 30,605 | $ | 15,077 | $ | 13,063 | $ | 6,624 | $ | 1,820 | $ | 528 | $ | 3,006 | $ | 143 | $ | 70,866 | ||||||||||||||
% of 30+ days past due to total retained loans | 0.91 | % | 1.86 | % | 1.75 | % | 1.15 | % | 2.36 | % | 3.22 | % | 0.73 | % | 28.67 | % | 1.39 | % | ||||||||||||||
| Gross charge-offs | $ | 333 | $ | 297 | $ | 161 | $ | 53 | $ | 35 | $ | 64 | $ | — | $ | 4 | $ | 947 | ||||||||||||||
| (in millions) | Total Auto and other | |||||||
| September 30, 2024 | December 31, 2023 | |||||||
Nonaccrual loans(a)(b) | $ | 233 | $ | 177 | ||||
Geographic region(c) | ||||||||
| California | $ | 10,281 | $ | 10,959 | ||||
| Texas | 7,738 | 8,502 | ||||||
| Florida | 5,391 | 5,684 | ||||||
| New York | 4,892 | 4,938 | ||||||
| Illinois | 2,903 | 3,147 | ||||||
| New Jersey | 2,475 | 2,609 | ||||||
| Pennsylvania | 1,983 | 1,900 | ||||||
| Georgia | 1,725 | 1,912 | ||||||
| Arizona | 1,635 | 1,779 | ||||||
| North Carolina | 1,593 | 1,714 | ||||||
| All other | 25,984 | 27,722 | ||||||
| Total retained loans | $ | 66,600 | $ | 70,866 | ||||
(in millions, except ratios) | September 30, 2024 | ||||||||||
| Within the revolving period | Converted to term loans | Total | |||||||||
Loan delinquency | |||||||||||
| Current and less than 30 days past due and still accruing | $ | 213,537 | $ | 1,181 | $ | 214,718 | |||||
30–89 days past due and still accruing | 2,305 | 103 | 2,408 | ||||||||
90 or more days past due and still accruing | 2,364 | 52 | 2,416 | ||||||||
| Total retained loans | $ | 218,206 | $ | 1,336 | $ | 219,542 | |||||
| Loan delinquency ratios | |||||||||||
% of 30+ days past due to total retained loans | 2.14 | % | 11.60 | % | 2.20 | % | |||||
% of 90+ days past due to total retained loans | 1.08 | 3.89 | 1.10 | ||||||||
| Gross charge-offs | $ | 5,868 | $ | 176 | $ | 6,044 | |||||
(in millions, except ratios) | December 31, 2023 | ||||||||||
| Within the revolving period | Converted to term loans | Total | |||||||||
Loan delinquency | |||||||||||
| Current and less than 30 days past due and still accruing | $ | 205,731 | $ | 882 | $ | 206,613 | |||||
30–89 days past due and still accruing | 2,217 | 84 | 2,301 | ||||||||
90 or more days past due and still accruing | 2,169 | 40 | 2,209 | ||||||||
| Total retained loans | $ | 210,117 | $ | 1,006 | $ | 211,123 | |||||
| Loan delinquency ratios | |||||||||||
% of 30+ days past due to total retained loans | 2.09 | % | 12.33 | % | 2.14 | % | |||||
% of 90+ days past due to total retained loans | 1.03 | 3.98 | 1.05 | ||||||||
| Gross charge-offs | $ | 5,325 | $ | 166 | $ | 5,491 | |||||
| (in millions, except ratios) | September 30, 2024 | December 31, 2023 | ||||||
Geographic region(a) | ||||||||
| California | $ | 34,251 | $ | 32,652 | ||||
| Texas | 23,119 | 22,086 | ||||||
| New York | 17,751 | 16,915 | ||||||
| Florida | 16,029 | 15,103 | ||||||
| Illinois | 11,817 | 11,364 | ||||||
| New Jersey | 9,152 | 8,688 | ||||||
| Colorado | 6,673 | 6,307 | ||||||
| Ohio | 6,533 | 6,424 | ||||||
| Pennsylvania | 6,150 | 6,088 | ||||||
| Arizona | 5,469 | 5,209 | ||||||
| All other | 82,598 | 80,287 | ||||||
| Total retained loans | $ | 219,542 | $ | 211,123 | ||||
Percentage of portfolio based on carrying value with estimated refreshed FICO scores | ||||||||
| Equal to or greater than 660 | 85.1 | % | 85.8 | % | ||||
| Less than 660 | 14.7 | 14.0 | ||||||
| No FICO available | 0.2 | 0.2 | ||||||
| Secured by real estate | Commercial and industrial | Other(a) | Total retained loans | ||||||||||||||||||||||||||||||||
| (in millions, except ratios) | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
Investment-grade | $ | 115,015 | $ | 120,405 | $ | 67,984 | $ | 72,624 | $ | 284,007 | $ | 265,809 | $ | 467,006 | $ | 458,838 | |||||||||||||||||||
Noninvestment-grade: | |||||||||||||||||||||||||||||||||||
Noncriticized | 37,383 | 34,241 | 83,494 | 80,637 | 73,998 | 75,178 | 194,875 | 190,056 | |||||||||||||||||||||||||||
Criticized performing | 10,019 | 7,291 | 11,037 | 12,684 | 1,436 | 1,257 | 22,492 | 21,232 | |||||||||||||||||||||||||||
| Criticized nonaccrual | 974 | 401 | 1,733 | 1,221 | 810 | 724 | 3,517 | 2,346 | |||||||||||||||||||||||||||
| Total noninvestment-grade | 48,376 | 41,933 | 96,264 | 94,542 | 76,244 | 77,159 | 220,884 | 213,634 | |||||||||||||||||||||||||||
Total retained loans | $ | 163,391 | $ | 162,338 | $ | 164,248 | $ | 167,166 | $ | 360,251 | $ | 342,968 | $ | 687,890 | $ | 672,472 | |||||||||||||||||||
% of investment-grade to total retained loans | 70.39 | % | 74.17 | % | 41.39 | % | 43.44 | % | 78.84 | % | 77.50 | % | 67.89 | % | 68.23 | % | |||||||||||||||||||
% of total criticized to total retained loans | 6.73 | 4.74 | 7.77 | 8.32 | 0.62 | 0.58 | 3.78 | 3.51 | |||||||||||||||||||||||||||
% of criticized nonaccrual to total retained loans | 0.60 | 0.25 | 1.06 | 0.73 | 0.22 | 0.21 | 0.51 | 0.35 | |||||||||||||||||||||||||||
| Secured by real estate | |||||||||||||||||||||||||||||||||||
(in millions) | September 30, 2024 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 6,541 | $ | 10,199 | $ | 26,053 | $ | 23,430 | $ | 15,870 | $ | 31,522 | $ | 1,400 | $ | — | $ | 115,015 | |||||||||||||||||
| Noninvestment-grade | 3,500 | 5,049 | 14,562 | 8,866 | 3,679 | 11,260 | 1,459 | 1 | 48,376 | ||||||||||||||||||||||||||
Total retained loans | $ | 10,041 | $ | 15,248 | $ | 40,615 | $ | 32,296 | $ | 19,549 | $ | 42,782 | $ | 2,859 | $ | 1 | $ | 163,391 | |||||||||||||||||
| Gross charge-offs | $ | — | $ | 18 | $ | 37 | $ | — | $ | 33 | $ | 51 | $ | — | $ | — | $ | 139 | |||||||||||||||||
| Secured by real estate | |||||||||||||||||||||||||||||||||||
(in millions) | December 31, 2023 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 10,687 | $ | 28,874 | $ | 25,784 | $ | 16,820 | $ | 15,677 | $ | 21,108 | $ | 1,455 | $ | — | $ | 120,405 | |||||||||||||||||
| Noninvestment-grade | 4,477 | 12,579 | 7,839 | 3,840 | 3,987 | 7,918 | 1,291 | 2 | 41,933 | ||||||||||||||||||||||||||
| Total retained loans | $ | 15,164 | $ | 41,453 | $ | 33,623 | $ | 20,660 | $ | 19,664 | $ | 29,026 | $ | 2,746 | $ | 2 | $ | 162,338 | |||||||||||||||||
| Gross charge-offs | $ | 20 | $ | 48 | $ | 22 | $ | — | $ | 23 | $ | 78 | $ | — | $ | 1 | $ | 192 | |||||||||||||||||
| Commercial and industrial | |||||||||||||||||||||||||||||||||||
(in millions) | September 30, 2024 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 9,200 | $ | 6,762 | $ | 7,165 | $ | 3,066 | $ | 1,362 | $ | 1,480 | $ | 38,948 | $ | 1 | $ | 67,984 | |||||||||||||||||
| Noninvestment-grade | 15,595 | 12,733 | 12,467 | 6,776 | 895 | 1,240 | 46,491 | 67 | 96,264 | ||||||||||||||||||||||||||
Total retained loans | $ | 24,795 | $ | 19,495 | $ | 19,632 | $ | 9,842 | $ | 2,257 | $ | 2,720 | $ | 85,439 | $ | 68 | $ | 164,248 | |||||||||||||||||
| Gross charge-offs | $ | 19 | $ | 4 | $ | 116 | $ | 24 | $ | 1 | $ | 5 | $ | 190 | $ | 3 | $ | 362 | |||||||||||||||||
| Commercial and industrial | |||||||||||||||||||||||||||||||||||
(in millions) | December 31, 2023 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 14,875 | $ | 10,642 | $ | 4,276 | $ | 2,291 | $ | 1,030 | $ | 1,115 | $ | 38,394 | $ | 1 | $ | 72,624 | |||||||||||||||||
| Noninvestment-grade | 18,890 | 16,444 | 9,299 | 1,989 | 1,144 | 1,006 | 45,696 | 74 | 94,542 | ||||||||||||||||||||||||||
Total retained loans | $ | 33,765 | $ | 27,086 | $ | 13,575 | $ | 4,280 | $ | 2,174 | $ | 2,121 | $ | 84,090 | $ | 75 | $ | 167,166 | |||||||||||||||||
| Gross charge-offs | $ | 25 | $ | 8 | $ | 110 | $ | 55 | $ | 2 | $ | 12 | $ | 259 | $ | 8 | $ | 479 | |||||||||||||||||
Other(a) | |||||||||||||||||||||||||||||||||||
(in millions) | September 30, 2024 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 25,069 | $ | 21,517 | $ | 15,270 | $ | 7,455 | $ | 9,325 | $ | 7,838 | $ | 195,968 | $ | 1,565 | $ | 284,007 | |||||||||||||||||
| Noninvestment-grade | 10,098 | 7,120 | 5,658 | 4,196 | 1,742 | 2,302 | 44,890 | 238 | 76,244 | ||||||||||||||||||||||||||
Total retained loans | $ | 35,167 | $ | 28,637 | $ | 20,928 | $ | 11,651 | $ | 11,067 | $ | 10,140 | $ | 240,858 | $ | 1,803 | $ | 360,251 | |||||||||||||||||
| Gross charge-offs | $ | — | $ | 38 | $ | 2 | $ | 26 | $ | 41 | $ | 50 | $ | 1 | $ | — | $ | 158 | |||||||||||||||||
Other(a) | |||||||||||||||||||||||||||||||||||
(in millions) | December 31, 2023 | ||||||||||||||||||||||||||||||||||
| Term loans by origination year | Revolving loans | ||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Within the revolving period | Converted to term loans | Total | |||||||||||||||||||||||||||
| Loans by risk ratings | |||||||||||||||||||||||||||||||||||
| Investment-grade | $ | 38,338 | $ | 18,034 | $ | 10,033 | $ | 10,099 | $ | 3,721 | $ | 6,662 | $ | 176,728 | $ | 2,194 | $ | 265,809 | |||||||||||||||||
| Noninvestment-grade | 14,054 | 8,092 | 6,169 | 2,172 | 811 | 2,001 | 43,801 | 59 | 77,159 | ||||||||||||||||||||||||||
| Total retained loans | $ | 52,392 | $ | 26,126 | $ | 16,202 | $ | 12,271 | $ | 4,532 | $ | 8,663 | $ | 220,529 | $ | 2,253 | $ | 342,968 | |||||||||||||||||
| Gross charge-offs | $ | 5 | $ | 298 | $ | 8 | $ | 8 | $ | — | $ | 8 | $ | 13 | $ | — | $ | 340 | |||||||||||||||||
(in millions, except ratios) | Multifamily | Other commercial | Total retained loans secured by real estate | |||||||||||||||||||||||
| Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | |||||||||||||||||||||
Retained loans secured by real estate | $ | 101,744 | $ | 100,725 | $ | 61,647 | $ | 61,613 | $ | 163,391 | $ | 162,338 | ||||||||||||||
| Criticized | 4,589 | 3,596 | 6,404 | 4,096 | 10,993 | 7,692 | ||||||||||||||||||||
| % of criticized to total retained loans secured by real estate | 4.51 | % | 3.57 | % | 10.39 | % | 6.65 | % | 6.73 | % | 4.74 | % | ||||||||||||||
| Criticized nonaccrual | $ | 205 | $ | 76 | $ | 769 | $ | 325 | $ | 974 | $ | 401 | ||||||||||||||
% of criticized nonaccrual loans to total retained loans secured by real estate | 0.20 | % | 0.08 | % | 1.25 | % | 0.53 | % | 0.60 | % | 0.25 | % | ||||||||||||||
| Secured by real estate | Commercial and industrial | Other | Total retained loans | ||||||||||||||||||||||||||||||||
| (in millions) | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | |||||||||||||||||||||||||||
Loans by geographic distribution(a) | |||||||||||||||||||||||||||||||||||
| Total U.S. | $ | 160,217 | $ | 159,499 | $ | 125,103 | $ | 127,638 | $ | 274,350 | $ | 262,499 | $ | 559,670 | $ | 549,636 | |||||||||||||||||||
| Total non-U.S. | 3,174 | 2,839 | 39,145 | 39,528 | 85,901 | 80,469 | 128,220 | 122,836 | |||||||||||||||||||||||||||
| Total retained loans | $ | 163,391 | $ | 162,338 | $ | 164,248 | $ | 167,166 | $ | 360,251 | $ | 342,968 | $ | 687,890 | $ | 672,472 | |||||||||||||||||||
| Loan delinquency | |||||||||||||||||||||||||||||||||||
Current and less than 30 days past due and still accruing | $ | 161,784 | $ | 161,314 | $ | 161,815 | $ | 164,899 | $ | 357,947 | $ | 341,128 | $ | 681,546 | $ | 667,341 | |||||||||||||||||||
30–89 days past due and still accruing | 392 | 473 | 635 | 884 | 1,382 | 1,090 | 2,409 | 2,447 | |||||||||||||||||||||||||||
90 or more days past due and still accruing(b) | 241 | 150 | 65 | 162 | 112 | 26 | 418 | 338 | |||||||||||||||||||||||||||
| Criticized nonaccrual | 974 | 401 | 1,733 | 1,221 | 810 | 724 | 3,517 | 2,346 | |||||||||||||||||||||||||||
| Total retained loans | $ | 163,391 | $ | 162,338 | $ | 164,248 | $ | 167,166 | $ | 360,251 | $ | 342,968 | $ | 687,890 | $ | 672,472 | |||||||||||||||||||
(in millions) | Amortized cost basis | |||||||
| Twelve months ended Sep 30, | Nine months ended Sep 30, | |||||||
| 2024 | 2023 | |||||||
Current | $ | 143 | $ | 90 | ||||
30-149 days past due | 45 | 13 | ||||||
150 or more days past due | 23 | 7 | ||||||
| Total | $ | 211 | $ | 110 | ||||
(in millions) | Amortized cost basis | |||||||
| Twelve months ended Sep 30, | Nine months ended Sep 30, | |||||||
| 2024 | 2023 | |||||||
| Current and less than 30 days past due and still accruing | $ | 757 | $ | 414 | ||||
| 30-89 days past due and still accruing | 70 | 47 | ||||||
| 90 or more days past due and still accruing | 41 | 28 | ||||||
| Total | $ | 868 | $ | 489 | ||||
Amortized cost basis | |||||||||||||||||||||||
Twelve months ended September 30, 2024 | Nine months ended September 30, 2023 | ||||||||||||||||||||||
| (in millions) | Secured by real estate | Commercial and industrial | Other | Secured by real estate | Commercial and industrial | Other | |||||||||||||||||
Current and less than 30 days past due and still accruing | $ | 281 | $ | 1,077 | $ | 367 | $ | 117 | $ | 703 | $ | 248 | |||||||||||
| 30-89 days past due and still accruing | 1 | 21 | 9 | — | — | 28 | |||||||||||||||||
| 90 or more days past due and still accruing | — | 4 | — | — | 10 | — | |||||||||||||||||
| Criticized nonaccrual | 64 | 507 | 167 | 8 | 315 | 561 | |||||||||||||||||
| Total | $ | 346 | $ | 1,609 | $ | 543 | $ | 125 | $ | 1,028 | $ | 837 | |||||||||||
| Loan modifications | ||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | ||||||||||
Term extension and interest rate reduction(a)(b) | ||||||||||||||
| Amortized cost basis | $ | 272 | $ | 197 | $ | 714 | $ | 489 | ||||||
| % of total modifications to total retained credit card loans | 0.12 | % | 0.10 | % | 0.33 | % | 0.25 | % | ||||||
| Financial effect of loan modifications | Term extension with a reduction in the weighted average contractual interest rate from 23.77% to 3.03% | Term extension with a reduction in the weighted average contractual interest rate from 23.48% to 3.67% | Term extension with a reduction in the weighted average contractual interest rate from 23.89% to 3.12% | Term extension with a reduction in the weighted average contractual interest rate from 23.15% to 3.58% | ||||||||||
Secured by real estate | |||||||||||||||||||||||
| Three months ended September 30, 2024 | Nine months ended September 30, 2024 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 267 | 0.16 | % | Extended loans by a weighted-average of 14 months | $ | 271 | 0.17 | % | Extended loans by a weighted-average of 14 months | |||||||||||||
| Multiple modifications | |||||||||||||||||||||||
Other-than-insignificant payment deferral and interest rate reduction | — | — | 47 | 0.03 | Provided payment deferrals with delayed amounts recaptured at maturity and reduced weighted-average contractual interest by 162 bps | ||||||||||||||||||
Other(a) | 4 | — | NM | 9 | 0.01 | NM | |||||||||||||||||
| Total | $ | 271 | $ | 327 | |||||||||||||||||||
| Secured by real estate | |||||||||||||||||||||||
| Three months ended September 30, 2023 | Nine months ended September 30, 2023 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Secured by real estate loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 60 | 0.04 | % | Extended loans by a weighted-average of 14 months | $ | 112 | 0.07 | % | Extended loans by a weighted-average of 13 months | |||||||||||||
Other(a) | — | — | 13 | — | NM | ||||||||||||||||||
| Total | $ | 60 | $ | 125 | |||||||||||||||||||
| Commercial and industrial | |||||||||||||||||||||||
| Three months ended September 30, 2024 | Nine months ended September 30, 2024 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 443 | 0.27 | % | Extended loans by a weighted-average of 15 months | $ | 880 | 0.54 | % | Extended loans by a weighted-average of 17 months | |||||||||||||
| Other-than-insignificant payment deferral | 215 | 0.13 | Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor | 315 | 0.19 | Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor | |||||||||||||||||
| Multiple modifications | |||||||||||||||||||||||
Other-than-insignificant payment deferral and term extension | 1 | — | Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 23 months | 127 | 0.08 | Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period and extended loans by a weighted-average of 22 months | |||||||||||||||||
Other(a) | 5 | — | NM | 26 | 0.02 | NM | |||||||||||||||||
| Total | $ | 664 | $ | 1,348 | |||||||||||||||||||
| Commercial and industrial | |||||||||||||||||||||||
| Three months ended September 30, 2023 | Nine months ended September 30, 2023 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Commercial and industrial loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 372 | 0.22 | % | Extended loans by a weighted-average of 21 months | $ | 669 | 0.40 | % | Extended loans by a weighted-average of 19 months | |||||||||||||
| Other-than-insignificant payment deferral | 309 | 0.19 | Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor | 310 | 0.19 | Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor | |||||||||||||||||
| Multiple modifications | |||||||||||||||||||||||
| Other-than-insignificant payment deferral and term extension | 32 | 0.02 | Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 6 months | 32 | 0.02 | Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 6 months | |||||||||||||||||
Other(a) | 2 | — | NM | 17 | 0.01 | NM | |||||||||||||||||
| Total | $ | 715 | $ | 1,028 | |||||||||||||||||||
| Other | |||||||||||||||||||||||
| Three months ended September 30, 2024 | Nine months ended September 30, 2024 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 260 | 0.07 | % | Extended loans by a weighted-average of 30 months | $ | 282 | 0.08 | % | Extended loans by a weighted-average of 29 months | |||||||||||||
Other(a) | — | — | 6 | — | NM | ||||||||||||||||||
| Total | $ | 260 | $ | 288 | |||||||||||||||||||
| Other | |||||||||||||||||||||||
| Three months ended September 30, 2023 | Nine months ended September 30, 2023 | ||||||||||||||||||||||
(in millions, except ratios) | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | Amortized cost basis | % of loan modifications to total retained Other loans | Financial effect of loan modifications | |||||||||||||||||
| Single modifications | |||||||||||||||||||||||
| Term extension | $ | 100 | 0.03 | % | Extended loans by a weighted-average of 27 months | $ | 100 | 0.03 | % | Extended loans by a weighted-average of 30 months | |||||||||||||
| Multiple modifications | |||||||||||||||||||||||
| Interest rate reduction and term extension | 495 | 0.14 | Reduced weighted-average contractual interest by 1,708 bps and extended loans by a weighted-average of 7 months | 495 | 0.14 | Reduced weighted-average contractual interest by 1,708 bps and extended loans by a weighted-average of 7 months | |||||||||||||||||
| Other-than-insignificant payment deferral and term extension | — | — | 233 | 0.07 | Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period and extended loans by a weighted-average of 144 months | ||||||||||||||||||
Other(a) | — | — | 9 | — | NM | ||||||||||||||||||
| Total | $ | 595 | $ | 837 | |||||||||||||||||||
| (in millions) | Secured by real estate | Commercial and industrial | Other | Total retained loans | |||||||||||||||||||||||||||||||
| Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | Sep 30, 2024 | Dec 31, 2023 | ||||||||||||||||||||||||||||
| Nonaccrual loans | |||||||||||||||||||||||||||||||||||
| With an allowance | $ | 128 | $ | 129 | $ | 1,317 | $ | 776 | $ | 477 | $ | 492 | $ | 1,922 | $ | 1,397 | |||||||||||||||||||
Without an allowance(a) | 846 | 272 | 416 | 445 | 333 | 232 | 1,595 | 949 | |||||||||||||||||||||||||||
Total nonaccrual loans(b) | $ | 974 | $ | 401 | $ | 1,733 | $ | 1,221 | $ | 810 | $ | 724 | $ | 3,517 | $ | 2,346 | |||||||||||||||||||
Amortized cost basis | |||||||||||||||||||||||
| Three months ended September 30, 2024 | Nine months ended September 30, 2024 | ||||||||||||||||||||||
| (in millions) | Secured by real estate | Commercial and industrial | Other | Secured by real estate | Commercial and industrial | Other | |||||||||||||||||
Term extension | $ | 1 | $ | 80 | $ | 10 | $ | 1 | $ | 88 | $ | 12 | |||||||||||
Other-than-insignificant payment deferral | — | 123 | — | — | 124 | — | |||||||||||||||||
Interest rate reduction and term extension | — | — | — | — | 1 | — | |||||||||||||||||
| Total | $ | 1 | $ | 203 | $ | 10 | $ | 1 | $ | 213 | $ | 12 | |||||||||||
Amortized cost basis | |||||||||||||||||||||||
| Three months ended September 30, 2023 | Nine months ended September 30, 2023 | ||||||||||||||||||||||
| (in millions) | Secured by real estate | Commercial and industrial | Other | Secured by real estate | Commercial and industrial | Other | |||||||||||||||||
Term extension | $ | — | $ | 11 | $ | 32 | $ | 1 | $ | 18 | $ | 32 | |||||||||||
| Interest rate reduction and term extension | — | — | — | 1 | — | — | |||||||||||||||||
| Total | $ | — | $ | 11 | $ | 32 | $ | 2 | $ | 18 | $ | 32 | |||||||||||
2024 | 2023 | ||||||||||||||||||||||||||||
| Nine months ended September 30, (in millions) | Consumer, excluding credit card | Credit card | Wholesale | Total | Consumer, excluding credit card | Credit card | Wholesale | Total | |||||||||||||||||||||
| Beginning balance at January 1, | $ | 1,856 | $ | 12,450 | $ | 8,114 | $ | 22,420 | $ | 2,040 | $ | 11,200 | $ | 6,486 | $ | 19,726 | |||||||||||||
Cumulative effect of a change in accounting principle(a) | NA | NA | NA | NA | (489) | (100) | 2 | (587) | |||||||||||||||||||||
| Gross charge-offs | 971 | 6,044 | 659 | 7,674 | 809 | 3,852 | 435 | 5,096 | |||||||||||||||||||||
| Gross recoveries collected | (490) | (762) | (148) | (1,400) | (388) | (579) | (84) | (1,051) | |||||||||||||||||||||
| Net charge-offs/(recoveries) | 481 | 5,282 | 511 | 6,274 | 421 | 3,273 | 351 | 4,045 | |||||||||||||||||||||
| Provision for loan losses | 360 | 6,932 | 506 | 7,798 | 723 | 4,073 | 2,047 | 6,843 | |||||||||||||||||||||
Other | — | — | 5 | 5 | 1 | — | 8 | 9 | |||||||||||||||||||||
| Ending balance at September 30, | $ | 1,735 | $ | 14,100 | $ | 8,114 | $ | 23,949 | $ | 1,854 | $ | 11,900 | $ | 8,192 | $ | 21,946 | |||||||||||||
Allowance for lending-related commitments | |||||||||||||||||||||||||||||
Beginning balance at January 1, | $ | 75 | $ | — | $ | 1,899 | $ | 1,974 | $ | 76 | $ | — | $ | 2,306 | $ | 2,382 | |||||||||||||
| Provision for lending-related commitments | 6 | — | 162 | 168 | 5 | — | (313) | (308) | |||||||||||||||||||||
Other | — | — | — | — | — | — | 1 | 1 | |||||||||||||||||||||
| Ending balance at September 30, | $ | 81 | $ | — | $ | 2,061 | $ | 2,142 | $ | 81 | $ | — | $ | 1,994 | $ | 2,075 | |||||||||||||
| Total allowance for investment securities | NA | NA | NA | 175 | NA | NA | NA | 117 | |||||||||||||||||||||
Total allowance for credit losses(b) | $ | 1,816 | $ | 14,100 | $ | 10,175 | $ | 26,266 | $ | 1,935 | $ | 11,900 | $ | 10,186 | $ | 24,138 | |||||||||||||
Allowance for loan losses by impairment methodology | |||||||||||||||||||||||||||||
Asset-specific(c) | $ | (756) | $ | — | $ | 499 | $ | (257) | $ | (942) | $ | — | $ | 732 | $ | (210) | |||||||||||||
| Portfolio-based | 2,491 | 14,100 | 7,615 | 24,206 | 2,796 | 11,900 | 7,460 | 22,156 | |||||||||||||||||||||
| Total allowance for loan losses | $ | 1,735 | $ | 14,100 | $ | 8,114 | $ | 23,949 | $ | 1,854 | $ | 11,900 | $ | 8,192 | $ | 21,946 | |||||||||||||
| Loans by impairment methodology | |||||||||||||||||||||||||||||
Asset-specific(c) | $ | 2,784 | $ | — | $ | 3,510 | $ | 6,294 | $ | 3,321 | $ | — | $ | 2,402 | $ | 5,723 | |||||||||||||
| Portfolio-based | 375,154 | 219,542 | 684,380 | 1,279,076 | 393,733 | 196,935 | 669,550 | 1,260,218 | |||||||||||||||||||||
| Total retained loans | $ | 377,938 | $ | 219,542 | $ | 687,890 | $ | 1,285,370 | $ | 397,054 | $ | 196,935 | $ | 671,952 | $ | 1,265,941 | |||||||||||||
Collateral-dependent loans | |||||||||||||||||||||||||||||
| Net charge-offs | $ | 1 | $ | — | $ | 150 | $ | 151 | $ | 4 | $ | — | $ | 127 | $ | 131 | |||||||||||||
Loans measured at fair value of collateral less cost to sell | 2,805 | — | 1,524 | 4,329 | 3,384 | — | 1,074 | 4,458 | |||||||||||||||||||||
Allowance for lending-related commitments by impairment methodology | |||||||||||||||||||||||||||||
Asset-specific | $ | — | $ | — | $ | 93 | $ | 93 | $ | — | $ | — | $ | 61 | $ | 61 | |||||||||||||
Portfolio-based | 81 | — | 1,968 | 2,049 | 81 | — | 1,933 | 2,014 | |||||||||||||||||||||
Total allowance for lending-related commitments(d) | $ | 81 | $ | — | $ | 2,061 | $ | 2,142 | $ | 81 | $ | — | $ | 1,994 | $ | 2,075 | |||||||||||||
Lending-related commitments by impairment methodology | |||||||||||||||||||||||||||||
Asset-specific | $ | — | $ | — | $ | 619 | $ | 619 | $ | — | $ | — | $ | 387 | $ | 387 | |||||||||||||
Portfolio-based(e) | 26,764 | — | 514,313 | 541,077 | 30,245 | — | 514,937 | 545,182 | |||||||||||||||||||||
Total lending-related commitments | $ | 26,764 | $ | — | $ | 514,932 | $ | 541,696 | $ | 30,245 | $ | — | $ | 515,324 | $ | 545,569 | |||||||||||||
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||
Transfers of securities to VIEs | |||||||||||||||||||||||
| U.S. GSEs and government agencies | $ | 12,353 | $ | 4,521 | $ | 33,531 | $ | 14,188 | |||||||||||||||
| Nonconsolidated re-securitization VIEs | |||||||||||
| (in millions) | September 30, 2024 | December 31, 2023 | |||||||||
U.S. GSEs and government agencies | |||||||||||
Interest in VIEs | $ | 5,361 | $ | 3,371 | |||||||
| (in millions) | September 30, 2024 | December 31, 2023 | ||||||
| Consumer & Community Banking | $ | 32,116 | $ | 32,116 | ||||
| Commercial & Investment Bank | 11,259 | 11,251 | ||||||
| Asset & Wealth Management | 8,596 | 8,582 | ||||||
| Corporate | 740 | 685 | ||||||
| Total goodwill | $ | 52,711 | $ | 52,634 | ||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
| (in millions) | 2024 | 2023 | 2024 | 2023 | ||||||||||
| Balance at beginning of period | $ | 52,620 | $ | 52,380 | $ | 52,634 | $ | 51,662 | ||||||
Changes during the period from: | ||||||||||||||
Business combinations(a) | — | 166 | 29 | 853 | ||||||||||
Other(b) | 91 | (54) | 48 | (23) | ||||||||||
| Balance at September 30, | $ | 52,711 | $ | 52,492 | $ | 52,711 | $ | 52,492 | ||||||
| September 30, (in millions) | ||||||||||||||||||||
| U.S. | Non-U.S. | Total | ||||||||||||||||||
| 2025 | $ | 236,165 | $ | 93,643 | $ | 329,808 | ||||||||||||||
| 2026 | 679 | 125 | 804 | |||||||||||||||||
| 2027 | 448 | 7 | 455 | |||||||||||||||||
| 2028 | 120 | 19 | 139 | |||||||||||||||||
| 2029 | 497 | 726 | 1,223 | |||||||||||||||||
| After 5 years | 150 | 123 | 273 | |||||||||||||||||
| Total | $ | 238,059 | $ | 94,643 | $ | 332,702 | ||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
(in millions) | 2024 | 2023 | 2024 | 2023 | ||||||||||
| Operating lease income | $ | 706 | $ | 695 | $ | 2,067 | $ | 2,166 | ||||||
| Depreciation expense | 394 | 468 | 1,268 | 1,344 | ||||||||||
Shares(a) | Carrying value (in millions) | Contractual rate in effect at September 30, 2024 | Earliest redemption date(b) | Floating annualized rate(c) | Dividend declared per share | ||||||||||||||||||||||||||||||||||||
| September 30, 2024 | December 31, 2023 | September 30, 2024 | December 31, 2023 | Issue date | Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||||||||||||||||||||||||||||
Fixed-rate: | |||||||||||||||||||||||||||||||||||||||||
Series DD | 169,625 | 169,625 | $ | 1,696 | $ | 1,696 | 9/21/2018 | 5.750 | % | 12/1/2023 | NA | $ | 143.75 | $ | 143.75 | $431.25 | $431.25 | ||||||||||||||||||||||||
Series EE | 185,000 | 185,000 | 1,850 | 1,850 | 1/24/2019 | 6.000 | 3/1/2024 | NA | 150.00 | 150.00 | 450.00 | 450.00 | |||||||||||||||||||||||||||||
Series GG | 90,000 | 90,000 | 900 | 900 | 11/7/2019 | 4.750 | 12/1/2024 | NA | 118.75 | 118.75 | 356.25 | 356.25 | |||||||||||||||||||||||||||||
| Series JJ | 150,000 | 150,000 | 1,500 | 1,500 | 3/17/2021 | 4.550 | 6/1/2026 | NA | 113.75 | 113.75 | 341.25 | 341.25 | |||||||||||||||||||||||||||||
| Series LL | 185,000 | 185,000 | 1,850 | 1,850 | 5/20/2021 | 4.625 | 6/1/2026 | NA | 115.63 | 115.63 | 346.89 | 346.89 | |||||||||||||||||||||||||||||
Series MM | 200,000 | 200,000 | 2,000 | 2,000 | 7/29/2021 | 4.200 | 9/1/2026 | NA | 105.00 | 105.00 | 315.00 | 315.00 | |||||||||||||||||||||||||||||
| Fixed-to-floating rate: | |||||||||||||||||||||||||||||||||||||||||
Series Q | — | 150,000 | — | 1,500 | 4/23/2013 | — | 5/1/2023 | SOFR + 3.25 | — | 227.02 | 220.45 | 574.25 | (d) | ||||||||||||||||||||||||||||
Series R | — | 150,000 | — | 1,500 | 7/29/2013 | — | 8/1/2023 | SOFR + 3.30 | — | 228.30 | 221.70 | 528.30 | (e) | ||||||||||||||||||||||||||||
Series S | — | 200,000 | — | 2,000 | 1/22/2014 | — | 2/1/2024 | SOFR + 3.78 | — | 168.75 | 233.70 | 506.25 | (f) | ||||||||||||||||||||||||||||
Series U | — | 100,000 | — | 1,000 | 3/10/2014 | — | 4/30/2024 | SOFR + 3.33 | — | 153.13 | 153.13 | 459.38 | |||||||||||||||||||||||||||||
Series X | 160,000 | 160,000 | 1,600 | 1,600 | 9/23/2014 | 6.100 | 10/1/2024 | SOFR + 3.33 | 152.50 | 152.50 | 457.50 | 457.50 | |||||||||||||||||||||||||||||
Series CC | 125,750 | 125,750 | 1,258 | 1,258 | 10/20/2017 | SOFR + 2.58 | 11/1/2022 | SOFR + 2.58 | 206.73 | 209.90 | 619.18 | 594.05 | |||||||||||||||||||||||||||||
Series FF | — | 225,000 | — | 2,250 | 7/31/2019 | — | 8/1/2024 | SOFR + 3.38 | — | 125.00 | 250.00 | 375.00 | |||||||||||||||||||||||||||||
Series HH | 300,000 | 300,000 | 3,000 | 3,000 | 1/23/2020 | 4.600 | 2/1/2025 | SOFR + 3.125 | 115.00 | 115.00 | 345.00 | 345.00 | |||||||||||||||||||||||||||||
Series II | 150,000 | 150,000 | 1,500 | 1,500 | 2/24/2020 | 4.000 | 4/1/2025 | SOFR + 2.745 | 100.00 | 100.00 | 300.00 | 300.00 | |||||||||||||||||||||||||||||
| Series KK | 200,000 | 200,000 | 2,000 | 2,000 | 5/12/2021 | 3.650 | 6/1/2026 | CMT + 2.85 | 91.25 | 91.25 | 273.75 | 273.75 | |||||||||||||||||||||||||||||
Series NN | 250,000 | NA | 2,496 | NA | 3/12/2024 | 6.875 | 6/1/2029 | CMT + 2.737 | 171.88 | NA | 322.75 | NA | (g) | ||||||||||||||||||||||||||||
| Total preferred stock | 2,165,375 | 2,740,375 | $ | 21,650 | $ | 27,404 | |||||||||||||||||||||||||||||||||||
| (in millions, except per share amounts) | Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||||
Basic earnings per share | |||||||||||||||||
| Net income | $ | 12,898 | $ | 13,151 | $ | 44,466 | $ | 40,245 | |||||||||
Less: Preferred stock dividends | 286 | 386 | 1,000 | 1,115 | |||||||||||||
Net income applicable to common equity | 12,612 | 12,765 | 43,466 | 39,130 | |||||||||||||
Less: Dividends and undistributed earnings allocated to participating securities | 75 | 80 | 267 | 241 | |||||||||||||
Net income applicable to common stockholders | $ | 12,537 | $ | 12,685 | $ | 43,199 | $ | 38,889 | |||||||||
Total weighted-average basic shares outstanding | 2,860.6 | 2,927.5 | 2,886.2 | 2,946.6 | |||||||||||||
Net income per share | $ | 4.38 | $ | 4.33 | $ | 14.97 | $ | 13.20 | |||||||||
Diluted earnings per share | |||||||||||||||||
Net income applicable to common stockholders | $ | 12,537 | $ | 12,685 | $ | 43,199 | $ | 38,889 | |||||||||
Total weighted-average basic shares outstanding | 2,860.6 | 2,927.5 | 2,886.2 | 2,946.6 | |||||||||||||
| Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs | 5.3 | 4.6 | 5.0 | 4.4 | |||||||||||||
Total weighted-average diluted shares outstanding | 2,865.9 | 2,932.1 | 2,891.2 | 2,951.0 | |||||||||||||
Net income per share | $ | 4.37 | $ | 4.33 | $ | 14.94 | $ | 13.18 | |||||||||
| As of or for the three months ended September 30, 2024 (in millions) | Unrealized gains/(losses) on investment securities | Translation adjustments, net of hedges | Fair value hedges | Cash flow hedges | Defined benefit pension and OPEB plans | DVA on fair value option elected liabilities | Accumulated other comprehensive income/(loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at July 1, 2024 | $ | (3,494) | $ | (1,576) | $ | (147) | $ | (4,843) | $ | (1,055) | $ | (223) | $ | (11,338) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net change | 2,297 | 389 | (20) | 2,265 | (28) | (349) | 4,554 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at September 30, 2024 | $ | (1,197) | (a) | $ | (1,187) | $ | (167) | $ | (2,578) | $ | (1,083) | $ | (572) | $ | (6,784) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| As of or for the three months ended September 30, 2023 (in millions) | Unrealized gains/(losses) on investment securities | Translation adjustments, net of hedges | Fair value hedges | Cash flow hedges | Defined benefit pension and OPEB plans | DVA on fair value option elected liabilities | Accumulated other comprehensive income/(loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at July 1, 2023 | $ | (6,155) | $ | (1,278) | $ | (43) | $ | (5,355) | $ | (1,512) | $ | 53 | $ | (14,290) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net change | (1,950) | (340) | (5) | (583) | (21) | 85 | (2,814) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at September 30, 2023 | $ | (8,105) | (a) | $ | (1,618) | $ | (48) | $ | (5,938) | $ | (1,533) | $ | 138 | $ | (17,104) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| As of or for the nine months ended September 30, 2024 (in millions) | Unrealized gains/(losses) on investment securities | Translation adjustments, net of hedges | Fair value hedges | Cash flow hedges | Defined benefit pension and OPEB plans | DVA on fair value option elected liabilities | Accumulated other comprehensive income/(loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at January 1, 2024 | $ | (3,743) | $ | (1,216) | $ | (134) | $ | (3,932) | $ | (1,078) | $ | (340) | $ | (10,443) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net change | 2,546 | 29 | (33) | 1,354 | (5) | (232) | 3,659 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at September 30, 2024 | $ | (1,197) | (a) | $ | (1,187) | $ | (167) | $ | (2,578) | $ | (1,083) | $ | (572) | $ | (6,784) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| As of or for the nine months ended September 30, 2023 (in millions) | Unrealized gains/(losses) on investment securities | Translation adjustments, net of hedges | Fair value hedges | Cash flow hedges | Defined benefit pension and OPEB plans | DVA on fair value option elected liabilities | Accumulated other comprehensive income/(loss) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at January 1, 2023 | $ | (9,124) | $ | (1,545) | $ | (33) | $ | (5,656) | $ | (1,451) | $ | 468 | $ | (17,341) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net change | 1,019 | (73) | (15) | (282) | (82) | (330) | 237 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance at September 30, 2023 | $ | (8,105) | (a) | $ | (1,618) | $ | (48) | $ | (5,938) | $ | (1,533) | $ | 138 | $ | (17,104) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||||||||
| Three months ended September 30, (in millions) | Pre-tax | Tax effect | After-tax | Pre-tax | Tax effect | After-tax | |||||||||||||||||||||||||||||
| Unrealized gains/(losses) on investment securities: | |||||||||||||||||||||||||||||||||||
| Net unrealized gains/(losses) arising during the period | $ | 3,014 | $ | (730) | $ | 2,284 | $ | (3,234) | $ | 775 | $ | (2,459) | |||||||||||||||||||||||
Reclassification adjustment for realized (gains)/losses included in net income(a) | 16 | (3) | 13 | 669 | (160) | 509 | |||||||||||||||||||||||||||||
| Net change | 3,030 | (733) | 2,297 | (2,565) | 615 | (1,950) | |||||||||||||||||||||||||||||
Translation adjustments(b): | |||||||||||||||||||||||||||||||||||
| Translation | 2,411 | (109) | 2,302 | (1,608) | 18 | (1,590) | |||||||||||||||||||||||||||||
| Hedges | (2,523) | 610 | (1,913) | 1,647 | (397) | 1,250 | |||||||||||||||||||||||||||||
| Net change | (112) | 501 | 389 | 39 | (379) | (340) | |||||||||||||||||||||||||||||
Fair value hedges, net change(c) | (27) | 7 | (20) | (7) | 2 | (5) | |||||||||||||||||||||||||||||
| Cash flow hedges: | |||||||||||||||||||||||||||||||||||
| Net unrealized gains/(losses) arising during the period | 2,313 | (559) | 1,754 | (1,209) | 290 | (919) | |||||||||||||||||||||||||||||
Reclassification adjustment for realized (gains)/losses included in net income(d) | 673 | (162) | 511 | 443 | (107) | 336 | |||||||||||||||||||||||||||||
| Net change | 2,986 | (721) | 2,265 | (766) | 183 | (583) | |||||||||||||||||||||||||||||
Defined benefit pension and OPEB plans, net change | (36) | 8 | (28) | (26) | 5 | (21) | |||||||||||||||||||||||||||||
DVA on fair value option elected liabilities, net change | (460) | 111 | (349) | 111 | (26) | 85 | |||||||||||||||||||||||||||||
| Total other comprehensive income/(loss) | $ | 5,381 | $ | (827) | $ | 4,554 | $ | (3,214) | $ | 400 | $ | (2,814) | |||||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||||||||||||||
| Nine months ended September 30, (in millions) | Pre-tax | Tax effect | After-tax | Pre-tax | Tax effect | After-tax | |||||||||||||||||||||||||||||
| Unrealized gains/(losses) on investment securities: | |||||||||||||||||||||||||||||||||||
| Net unrealized gains/(losses) arising during the period | $ | 2,428 | $ | (587) | $ | 1,841 | $ | (1,097) | $ | 264 | $ | (833) | |||||||||||||||||||||||
Reclassification adjustment for realized (gains)/losses included in net income(a) | 929 | (224) | 705 | 2,437 | (585) | 1,852 | |||||||||||||||||||||||||||||
| Net change | 3,357 | (811) | 2,546 | 1,340 | (321) | 1,019 | |||||||||||||||||||||||||||||
Translation adjustments(b): | |||||||||||||||||||||||||||||||||||
| Translation | 117 | 9 | 126 | (509) | (13) | (522) | |||||||||||||||||||||||||||||
| Hedges | (129) | 32 | (97) | 596 | (147) | 449 | |||||||||||||||||||||||||||||
| Net change | (12) | 41 | 29 | 87 | (160) | (73) | |||||||||||||||||||||||||||||
Fair value hedges, net change(c) | (43) | 10 | (33) | (20) | 5 | (15) | |||||||||||||||||||||||||||||
| Cash flow hedges: | |||||||||||||||||||||||||||||||||||
| Net unrealized gains/(losses) arising during the period | (132) | 32 | (100) | (1,761) | 422 | (1,339) | |||||||||||||||||||||||||||||
Reclassification adjustment for realized (gains)/losses included in net income(d) | 1,917 | (463) | 1,454 | 1,391 | (334) | 1,057 | |||||||||||||||||||||||||||||
| Net change | 1,785 | (431) | 1,354 | (370) | 88 | (282) | |||||||||||||||||||||||||||||
Defined benefit pension and OPEB plans, net change | (2) | (3) | (5) | (105) | 23 | (82) | |||||||||||||||||||||||||||||
DVA on fair value option elected liabilities, net change | (302) | 70 | (232) | (436) | 106 | (330) | |||||||||||||||||||||||||||||
| Total other comprehensive income/(loss) | $ | 4,783 | $ | (1,124) | $ | 3,659 | $ | 496 | $ | (259) | $ | 237 | |||||||||||||||||||||||
| (in billions) | September 30, 2024 | December 31, 2023 | ||||||
Segregated for the benefit of securities and cleared derivative customers | $ | 15.4 | $ | 10.3 | ||||
Cash reserves at non-U.S. central banks and held for other general purposes | 9.7 | 9.3 | ||||||
Total restricted cash(a) | $ | 25.1 | $ | 19.6 | ||||
| Standardized capital ratio requirements | Advanced capital ratio requirements | Well-capitalized ratios | ||||||||||||||||||||||||
BHC(a)(b) | IDI(c) | BHC(a)(b) | IDI(c) | BHC(d) | IDI(e) | |||||||||||||||||||||
| Risk-based capital ratios | ||||||||||||||||||||||||||
| CET1 capital | 11.9 | % | 7.0 | % | 11.5 | % | 7.0 | % | NA | 6.5 | % | |||||||||||||||
| Tier 1 capital | 13.4 | 8.5 | 13.0 | 8.5 | 6.0 | % | 8.0 | |||||||||||||||||||
| Total capital | 15.4 | 10.5 | 15.0 | 10.5 | 10.0 | 10.0 | ||||||||||||||||||||
Capital ratio requirements(a) | Well-capitalized ratios | |||||||||||||||||||
| BHC | IDI | BHC(b) | IDI | |||||||||||||||||
| Leverage-based capital ratios | ||||||||||||||||||||
| Tier 1 leverage | 4.0 | % | 4.0 | % | NA | 5.0 | % | |||||||||||||
| SLR | 5.0 | 6.0 | NA | 6.0 | ||||||||||||||||
| September 30, 2024 (in millions, except ratios) | Basel III Standardized | Basel III Advanced | ||||||||||||||||||||||||
| JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | |||||||||||||||||||||||
Risk-based capital metrics:(a) | ||||||||||||||||||||||||||
CET1 capital | $ | 272,964 | $ | 278,980 | $ | 272,964 | $ | 278,980 | ||||||||||||||||||
Tier 1 capital | 292,333 | 278,985 | 292,333 | 278,985 | ||||||||||||||||||||||
Total capital | 324,585 | 299,439 | 310,764 | (b) | 285,715 | (b) | ||||||||||||||||||||
| Risk-weighted assets | 1,782,722 | 1,724,917 | 1,762,991 | (b) | 1,602,273 | (b) | ||||||||||||||||||||
| CET1 capital ratio | 15.3 | % | 16.2 | % | 15.5 | % | 17.4 | % | ||||||||||||||||||
| Tier 1 capital ratio | 16.4 | 16.2 | 16.6 | 17.4 | ||||||||||||||||||||||
| Total capital ratio | 18.2 | 17.4 | 17.6 | 17.8 | ||||||||||||||||||||||
| December 31, 2023 (in millions, except ratios) | Basel III Standardized | Basel III Advanced | ||||||||||||||||||||||||
JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | |||||||||||||||||||||||
Risk-based capital metrics:(a) | ||||||||||||||||||||||||||
| CET1 capital | $ | 250,585 | $ | 262,030 | $ | 250,585 | $ | 262,030 | ||||||||||||||||||
| Tier 1 capital | 277,306 | 262,032 | 277,306 | 262,032 | ||||||||||||||||||||||
| Total capital | 308,497 | 281,308 | 295,417 | (b) | 268,392 | (b) | ||||||||||||||||||||
| Risk-weighted assets | 1,671,995 | 1,621,789 | 1,669,156 | (b) | 1,526,952 | (b) | ||||||||||||||||||||
| CET1 capital ratio | 15.0 | % | 16.2 | % | 15.0 | % | 17.2 | % | ||||||||||||||||||
| Tier 1 capital ratio | 16.6 | 16.2 | 16.6 | 17.2 | ||||||||||||||||||||||
| Total capital ratio | 18.5 | 17.3 | 17.7 | 17.6 | ||||||||||||||||||||||
| Three months ended (in millions, except ratios) | September 30, 2024 | December 31, 2023 | |||||||||||||||
| JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | ||||||||||||||
Leverage-based capital metrics:(a) | |||||||||||||||||
Adjusted average assets(b) | $ | 4,122,332 | $ | 3,471,044 | $ | 3,831,200 | $ | 3,337,842 | |||||||||
Tier 1 leverage ratio | 7.1 | % | 8.0 | % | 7.2 | % | 7.9 | % | |||||||||
| Total leverage exposure | $ | 4,893,662 | $ | 4,239,056 | $ | 4,540,465 | $ | 4,038,739 | |||||||||
| SLR | 6.0 | % | 6.6 | % | 6.1 | % | 6.5 | % | |||||||||
| (in millions) | September 30, 2024 | December 31, 2023 | ||||||
| Notional amounts | ||||||||
| Derivative guarantees | $ | 53,149 | $ | 54,562 | ||||
Stable value contracts with contractually limited exposure | 32,548 | 32,488 | ||||||
Maximum exposure of stable value contracts with contractually limited exposure | 1,660 | 1,652 | ||||||
| Fair value | ||||||||
Derivative payables | 67 | 89 | ||||||
| (in billions) | September 30, 2024 | December 31, 2023 | |||||||||
Assets that may be sold or repledged or otherwise used by secured parties | $ | 181.5 | $ | 145.0 | |||||||
Assets that may not be sold or repledged or otherwise used by secured parties | 307.9 | 244.2 | |||||||||
Assets pledged at Federal Reserve banks and FHLBs | 692.5 | 675.6 | |||||||||
Total pledged assets | $ | 1,181.9 | $ | 1,064.8 | |||||||
| (in billions) | September 30, 2024 | December 31, 2023 | |||||||||
Collateral permitted to be sold or repledged, delivered, or otherwise used | $ | 1,664.3 | $ | 1,303.9 | |||||||
| Collateral sold, repledged, delivered or otherwise used | 1,274.2 | 982.8 | |||||||||
Segment results and reconciliation(a) | ||||||||||||||||||||||||||||||||
| As of or for the three months ended September 30, (in millions, except ratios) | Consumer & Community Banking | Commercial & Investment Bank | Asset & Wealth Management | |||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||||||
| Noninterest revenue | $ | 4,214 | $ | 3,982 | $ | 11,622 | $ | 10,842 | $ | 3,799 | $ | 3,431 | ||||||||||||||||||||
| Net interest income | 13,577 | 14,380 | 5,393 | 4,919 | 1,640 | 1,574 | ||||||||||||||||||||||||||
| Total net revenue | 17,791 | 18,362 | 17,015 | 15,761 | 5,439 | 5,005 | ||||||||||||||||||||||||||
Provision for credit losses | 2,795 | 1,446 | 316 | (95) | 4 | (13) | ||||||||||||||||||||||||||
| Noninterest expense | 9,586 | 9,105 | 8,751 | 8,818 | 3,639 | 3,138 | ||||||||||||||||||||||||||
Income/(loss) before income tax expense/(benefit) | 5,410 | 7,811 | 7,948 | 7,038 | 1,796 | 1,880 | ||||||||||||||||||||||||||
| Income tax expense/(benefit) | 1,364 | 1,916 | 2,257 | 2,011 | 445 | 463 | ||||||||||||||||||||||||||
| Net income/(loss) | $ | 4,046 | $ | 5,895 | $ | 5,691 | $ | 5,027 | $ | 1,351 | $ | 1,417 | ||||||||||||||||||||
Average equity | $ | 54,500 | $ | 55,500 | $ | 132,000 | $ | 138,000 | $ | 15,500 | $ | 17,000 | ||||||||||||||||||||
| Total assets | 633,038 | 626,196 | 2,047,022 | 1,746,598 | 253,750 | 249,866 | ||||||||||||||||||||||||||
| ROE | 29 | % | 41 | % | 17 | % | 14 | % | 34 | % | 32 | % | ||||||||||||||||||||
| Overhead ratio | 54 | 50 | 51 | 56 | 67 | 63 | ||||||||||||||||||||||||||
| As of or for the three months ended September 30, (in millions, except ratios) | Corporate | Reconciling Items(a) | Total | |||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||||||
| Noninterest revenue | $ | 155 | $ | (425) | $ | (541) | $ | (682) | $ | 19,249 | $ | 17,148 | ||||||||||||||||||||
| Net interest income | 2,915 | 1,983 | (120) | (130) | 23,405 | 22,726 | ||||||||||||||||||||||||||
| Total net revenue | 3,070 | 1,558 | (661) | (812) | 42,654 | 39,874 | ||||||||||||||||||||||||||
Provision for credit losses | (4) | 46 | — | — | 3,111 | 1,384 | ||||||||||||||||||||||||||
| Noninterest expense | 589 | 696 | — | — | 22,565 | 21,757 | ||||||||||||||||||||||||||
| Income/(loss) before income tax expense/(benefit) | 2,485 | 816 | (661) | (812) | 16,978 | 16,733 | ||||||||||||||||||||||||||
| Income tax expense/(benefit) | 675 | 4 | (661) | (812) | 4,080 | 3,582 | ||||||||||||||||||||||||||
| Net income/(loss) | $ | 1,810 | $ | 812 | $ | — | $ | — | $ | 12,898 | $ | 13,151 | ||||||||||||||||||||
Average equity | $ | 119,894 | $ | 74,298 | $ | — | $ | — | $ | 321,894 | $ | 284,798 | ||||||||||||||||||||
| Total assets | 1,276,238 | 1,275,673 | NA | NA | 4,210,048 | 3,898,333 | ||||||||||||||||||||||||||
| ROE | NM | NM | NM | NM | 16 | % | 18 | % | ||||||||||||||||||||||||
| Overhead ratio | NM | NM | NM | NM | 53 | 55 | ||||||||||||||||||||||||||
Segment results and reconciliation(a) | ||||||||||||||||||||||||||||||||
| As of or for the nine months ended September 30, (in millions, except ratios) | Consumer & Community Banking | Commercial & Investment Bank | Asset & Wealth Management | |||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||||||
| Noninterest revenue | $ | 12,155 | $ | 11,148 | $ | 36,527 | $ | 34,783 | $ | 10,946 | $ | 10,122 | ||||||||||||||||||||
| Net interest income | 40,990 | 40,903 | 15,989 | 14,596 | 4,854 | 4,610 | ||||||||||||||||||||||||||
| Total net revenue | 53,145 | 52,051 | 52,516 | 49,379 | 15,800 | 14,732 | ||||||||||||||||||||||||||
Provision for credit losses | 7,351 | 4,710 | 701 | 1,515 | (33) | 160 | ||||||||||||||||||||||||||
| Noninterest expense | 28,308 | 25,483 | 26,641 | 25,803 | 10,642 | 9,392 | ||||||||||||||||||||||||||
Income/(loss) before income tax expense/(benefit) | 17,486 | 21,858 | 25,174 | 22,061 | 5,191 | 5,180 | ||||||||||||||||||||||||||
| Income tax expense/(benefit) | 4,399 | 5,414 | 6,964 | 5,966 | 1,287 | 1,170 | ||||||||||||||||||||||||||
| Net income/(loss) | $ | 13,087 | $ | 16,444 | $ | 18,210 | $ | 16,095 | $ | 3,904 | $ | 4,010 | ||||||||||||||||||||
Average equity | $ | 54,500 | $ | 53,962 | $ | 132,000 | $ | 137,341 | $ | 15,500 | $ | 16,560 | ||||||||||||||||||||
| Total assets | 633,038 | 626,196 | 2,047,022 | 1,746,598 | 253,750 | 249,866 | ||||||||||||||||||||||||||
| ROE | 31 | % | 40 | % | 18 | % | 15 | % | 33 | % | 32 | % | ||||||||||||||||||||
| Overhead ratio | 53 | 49 | 51 | 52 | 67 | 64 | ||||||||||||||||||||||||||
| As of or for the nine months ended September 30, (in millions, except ratios) | Corporate | Reconciling Items(a) | Total | |||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||||||||||||||
| Noninterest revenue | $ | 7,638 | (b) | $ | 800 | $ | (1,711) | $ | (2,539) | $ | 65,555 | (b) | $ | 54,314 | ||||||||||||||||||
| Net interest income | 7,756 | 5,461 | (356) | (354) | 69,233 | 65,216 | ||||||||||||||||||||||||||
| Total net revenue | 15,394 | 6,261 | (2,067) | (2,893) | 134,788 | 119,530 | ||||||||||||||||||||||||||
Provision for credit losses | 28 | 173 | — | — | 8,047 | 6,558 | ||||||||||||||||||||||||||
| Noninterest expense | 3,444 | (c) | 2,008 | — | — | 69,035 | (c) | 62,686 | ||||||||||||||||||||||||
| Income/(loss) before income tax expense/(benefit) | 11,922 | 4,080 | (2,067) | (2,893) | 57,706 | 50,286 | ||||||||||||||||||||||||||
| Income tax expense/(benefit) | 2,657 | 384 | (2,067) | (2,893) | 13,240 | 10,041 | ||||||||||||||||||||||||||
| Net income/(loss) | $ | 9,265 | $ | 3,696 | $ | — | $ | — | $ | 44,466 | $ | 40,245 | ||||||||||||||||||||
Average equity | $ | 108,353 | $ | 70,147 | $ | — | $ | — | $ | 310,353 | $ | 278,010 | ||||||||||||||||||||
| Total assets | 1,276,238 | 1,275,673 | NA | NA | 4,210,048 | 3,898,333 | ||||||||||||||||||||||||||
| ROE | NM | NM | NM | NM | 19 | % | 19 | % | ||||||||||||||||||||||||
| Overhead ratio | NM | NM | NM | NM | 51 | 52 | ||||||||||||||||||||||||||
| Fair value purchase price allocation as of May 1, 2023 | |||||
| (in millions) | |||||
| Purchase price consideration | |||||
Amounts paid/due to the FDIC, net of cash acquired(a) | $ | 13,555 | |||
Purchase Money Note (at fair value)(b) | 48,848 | ||||
Settlement of First Republic deposit and other related party transactions(c) | 5,447 | ||||
| Contingent consideration - Shared-loss agreements | 15 | ||||
| Purchase price consideration | $ | 67,865 | |||
| Assets | |||||
| Securities | $ | 30,285 | |||
| Loans | 153,242 | ||||
| Core deposit and customer relationship intangibles | 1,455 | ||||
| Indemnification assets - Shared-loss agreements | 675 | ||||
Accounts receivable and other assets(d) | 6,740 | ||||
| Total assets acquired | $ | 192,397 | |||
| Liabilities | |||||
| Deposits | $ | 87,572 | |||
| FHLB advances | 27,919 | ||||
| Lending-related commitments | 2,614 | ||||
Accounts payable and other liabilities(d) | 2,792 | ||||
| Deferred tax liabilities | 757 | ||||
| Total liabilities assumed | $ | 121,654 | |||
| Fair value of net assets acquired | $ | 70,743 | |||
| Gain on acquisition, after income taxes | $ | 2,878 | |||
| May 1, 2023 | |||||||||||
| (in millions) | UPB | Fair value | |||||||||
| Residential real estate | $ | 106,240 | $ | 92,053 | |||||||
| Auto and other | 3,093 | 2,030 | |||||||||
| Total consumer | 109,333 | 94,083 | |||||||||
| Secured by real estate | 37,117 | 33,602 | |||||||||
| Commercial & industrial | 4,332 | 3,932 | |||||||||
| Other | 23,499 | 21,625 | |||||||||
| Total wholesale | 64,948 | 59,159 | |||||||||
| Total loans | $ | 174,281 | $ | 153,242 | |||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
| (in millions) | 2023 | 2023 | ||||||||||||
| Noninterest revenue | $ | 16,820 | $ | 51,480 | ||||||||||
| Net interest income | 22,726 | 66,808 | ||||||||||||
| Net income | 12,902 | 39,500 | ||||||||||||